I am thinking
500 million shares @ 0.006 to institutional investors. 300 million @ 0.006 to aquire drilling asset (small drilling operation). Currently onsite malamute. This will reduce overall burn rate of money.
However this is unlikely to inspire the market. SP will see a small rise to 0.01-0.012 range, but the sell off from institutional investors and drilling operator in the range or 0.008-0.012 will see the SP return to 0.004-0.006 range within months if not weeks as they will try to get a quick return and de-risk their investment.
The next decent SP increase will only come if they hit pay dirt.
Just my thoughts DYOR
Ann: Trading Halt, page-43
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Last
0.3¢ |
Change
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Mkt cap ! $12.83M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $146 | 48.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 35764190 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 14967188 | 23 |
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