If they are on a winner which I think they are, even if they do another cap raise in 3 months the price will be much higher.
I think they have good results coming to satisfy the new placement holders in a week or so, and they will use this money for enough drilling to get this up to 20c or so.
That is when they may raise again.
At this stage I expect this will have a little sell down to 6.5c then those that missed this placement will buy up for the next results and we will get back to 10c pretty quick.
If they are on a winner which I think they are, even if they do...
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Last
5.0¢ |
Change
0.002(4.17%) |
Mkt cap ! $8.269M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.1¢ | 4.9¢ | $43.60K | 875.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 60000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
4.9¢ |
Change
0.002 ( 0.62 %) |
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| Open | High | Low | Volume | ||
| 5.0¢ | 5.2¢ | 4.9¢ | 550411 | ||
| Last updated 15.02pm 26/04/2024 ? | |||||
| CPO (ASX) Chart |