your perspective on this is wrong.
they've offloaded an asset for shares, which they can convert into cash later on, ideally when NME start exploring Kookynie and their market cap increases. NME have been quite stagnant and this is the catalyst for their growth. have you seen the price of gold and the likely direction it's heading and then staying? also the story behind the bulk buying across the world by govts and central banks?
secondly this allows IR1 to cash in on an asset they couldn't focus on as their full attention is on IR1.
A bit of patience once the deeper drilling commences and results start rolling.
your perspective on this is wrong.they've offloaded an asset for...
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Last
35.0¢ |
Change
0.015(4.48%) |
Mkt cap ! $45.33M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.0¢ | 32.0¢ | $165.2K | 499.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 6794 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
33.5¢ |
Change
0.015 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| 33.0¢ | 34.0¢ | 32.5¢ | 41198 | ||
| Last updated 15.56pm 16/05/2024 ? | |||||
| IR1 (ASX) Chart |