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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31.0¢ |
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Mkt cap ! $121.5M |
Open | High | Low | Value | Volume |
32.0¢ | 32.0¢ | 31.0¢ | $17.67K | 55.34K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 28450 | 31.0¢ |
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Price($) | Vol. | No. |
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32.0¢ | 47660 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 28450 | 0.310 |
2 | 18078 | 0.305 |
2 | 130000 | 0.300 |
1 | 10629 | 0.290 |
1 | 18034 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 47660 | 1 |
0.325 | 5000 | 1 |
0.335 | 14800 | 1 |
0.340 | 15295 | 2 |
0.350 | 2100 | 1 |
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