In hindsight they were extremely passive in register and broker engagement, probably thinking the right announcement would break the SP loose. Unfortunately and contrary to what I thought, the mining concession was not that announcement and their passive approached has backfired resulting in a very poor outcome for existing shareholders. Only positive is it's only 10% of the company and gives $30m for Crookes and co to get themselves and the project moving.
$100m raised at $1.80 ~ 2016
$100m spent to get a concession over 5 years
$19m raised at $0.52 ~ 2021
Peter Albert's has a lot to answer for in my mind. Optics are awful on his watch!
Still well advanced project, with cracking financial metrics in a a resource I think will continue to perform well over the coming decades.
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Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.4M |
Open | High | Low | Value | Volume |
32.0¢ | 33.0¢ | 31.0¢ | $65.21K | 204.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 70929 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 88228 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 70929 | 0.300 |
1 | 30000 | 0.295 |
2 | 60000 | 0.290 |
1 | 7142 | 0.280 |
1 | 11111 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 88228 | 2 |
0.335 | 100000 | 1 |
0.340 | 61240 | 2 |
0.350 | 154117 | 3 |
0.360 | 141283 | 3 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
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