The issue is not that they have a massive resource, the issue is the cost to get there and the dillution. They are just now releasing another 1B shares, so your maths of 1$ is already down to 88c. Each time they do this, is makes it harder and harder to make profits for shareholders.
Ann: Trading Halt, page-652
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $257.3M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.8¢ | 2.5¢ | $1.027M | 39.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 88 | 11401312 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 453541 | 3 |
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| SYA (ASX) Chart |