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Today's update had a negative effect on the current S.P why ?...

  1. KOKO
    1,358 Posts.
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    22/10/18
    16:42
    Post #: 36213700

    Today's update had a negative effect on the current S.P why ?


    well overall it sounds quite desperate , with very little details in the update, fuzzy wording and 4-6 months before any actual delivery of product


    the desperation in the announcement stands out,  moreover with a low cash balance for an upcoming drilling program a C.R must be on the cards soon 


    based on current S.P plus discount expected C.R would be in the range of 8.5 - 9.0 cents 



    AVQ Price at posting: 9.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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