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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31.5¢ |
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Mkt cap ! $123.5M |
Open | High | Low | Value | Volume |
30.5¢ | 31.5¢ | 30.5¢ | $10.10K | 32.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 31.0¢ |
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Price($) | Vol. | No. |
---|---|---|
32.5¢ | 35000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 50000 | 0.310 |
1 | 100000 | 0.300 |
1 | 8000 | 0.290 |
5 | 210807 | 0.280 |
2 | 143086 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 35000 | 2 |
0.335 | 39032 | 2 |
0.345 | 8000 | 1 |
0.350 | 2583 | 2 |
0.360 | 10000 | 1 |
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