Hi Belfi,
I'm not after a quick buck, far from it. I've been here since 2010 when it was MTN. For a newbie like you may need to go research what MTN means.
Ive been very patient with this stock and will continue to be for more years to come.
However there is no denying the abysmal share price, its being underwhelming at best.
The management can not be faulted as they have done a great job so far and continue to tick all the boxes slowly (at times) however they are methodically going about their business.
I was was expecting the SP to take off post announcements
- PCD successful
- PRMS upgrade to 2P
- Environmental approval
- PPL granted
- Finance secured.
The share price fell in most cases. When offtakes comes and the share price doesn't take off then we are in for a long 3-4 years before construction starts. There wont be a lot of news to set the market on fire during that period. I suspect we could slide back to sub 10 cents during the period, not to mention more dilution to come for the remaining 30% funding required.
That's the bad news. The good news is that I have being wrong about the share price post announcements 1-5 above. Hopefully my latest view will continue to be wrong.
Don't mean to be negative, just wondering what is the market looking for if it ain't any of the 5 above.
seanbuccs
Hi Belfi,I'm not after a quick buck, far from it. I've been here...
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Mkt cap ! $4.133M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $932 | 384.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 64 | 82569286 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 23942571 | 17 |
View Market Depth
| Last trade - 11.49am 09/05/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 1719930 | ||
| Last updated 14.19pm 09/05/2024 ? | |||||
| NRZ (ASX) Chart |