My thoughts are similar and 2.5 sounds about right. It wouldn’t surprise me if those who bought into the last raise are selling what’s left to then buy back in the next couple of weeks because cash is certainly needed.
Durrant appears to be pumping out announcements left, right and centre yet here we are at the mercy of institutional investors and their current requirements in a weak macro environment.
This is going to be a nightmare stock to own if they allocate more options imo but the company seems to have little leverage on the matter of funding. But let’s see.
My thoughts are similar and 2.5 sounds about right. It wouldn’t...
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $11.06M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.3¢ | $16.97K | 1.191M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2658371 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 135000 | 2 |
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| Last trade - 13.33pm 24/07/2024 (20 minute delay) ? |
| REE (ASX) Chart |