I'm not saying this to offend, but you've gone from looking at charts and not caring about short-term action, to emotional supposition based on the timing of a capital raising which was expected; thanks for the chuckle.
Do you genuinely believe the drilling contractor would leave their equipment on site and their crew on standby for nil consideration? The company has probably been haemorrhaging money to the tune of a few thousand per day to keep the contractor on standby. The alternative would be to allow the contractor to pack up and leave, take on other work, and get them back in 3-4 months. Add to this the currency exchange, and the money the company last raised would very well be almost gone. They have a duty to ensure they do not let the company trade insolvent, so they will raise when they have to, not when it's optimal or 'look after shareholders' as you've put it in another post.
This is the cycle of each and every exploration company; raise and explorer, and repeat until an economical resource is defined. If you're unable to stomach that, you should seriously reconsider making speculative investments.
- Forums
- ASX - By Stock
- Ann: Trading Halt
I'm not saying this to offend, but you've gone from looking at...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CZN (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $3.339M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $1.75K | 350K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 4847825 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 465994 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 4847825 | 0.004 |
16 | 9183486 | 0.003 |
7 | 9801000 | 0.002 |
7 | 15300004 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 109994 | 2 |
0.006 | 3183588 | 6 |
0.007 | 2292441 | 7 |
0.008 | 591129 | 3 |
0.009 | 856000 | 2 |
Last trade - 11.30am 21/08/2024 (20 minute delay) ? |
Featured News
CZN (ASX) Chart |