As far as I can tell - Hartleys shoved out the original architects, appointed their messiah to fix the unfixable (plummeting tungsten prices and a plant located in Vietnam!) but he wasn't the messiah, he was just a naughty boy who fell for the oldest tricks in the corporate advisors book when Fraser came along. Everyone copped the big pineapple.
The company was never properly capitalised. Strangled by a sophisticated investor share register with no room for anyone else. Where were the institutions? If it had raised the money that WLF and other blow hards managed to raise, maybe it could have traded through the low tungsten price and even be talking built a mine some time.
In two years it's gone from being a lousy business with falling commodity prices to being a thing for fleas to nest in.
Ann: Suspension from Official Quotation-ATA.AX, page-10
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Last
$1.10 |
Change
-0.005(0.45%) |
Mkt cap ! $342.4M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.10 | $1.06 | $53.12K | 49.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 700 | 1 |
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| Last trade - 13.51pm 15/11/2024 (20 minute delay) ? |
| ATA (ASX) Chart |