Got to hand to AR when he mentions Working Capital and plain sailing he has a giggle and smerk. He is a try hard but has to deal with a lot of adverse issues, price of Tin fell 43% YoY, price of Iron ore fell 25% YoY and the whole spec mining markets have been decimated. Looks like they will need to a Capital raise if they wish to restart Rilely iron ore project. Cash will be very low in the next quarterly. One day their luck has to change, maybe with the drilling by Chalice of their JV or a strong Iron ore price rise.
Got to hand to AR when he mentions Working Capital and plain...
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Last
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $46.34M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $32.50K | 1.797M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 5497846 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 6666577 | 18 |
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| Last trade - 15.59pm 30/07/2024 (20 minute delay) ? |
| VMS (ASX) Chart |