I suspect the market viewed today pretty much the same as you have. Punishment resulted in a 23% drop in the SP.
Anyone even slightly gifted with maths would conclude that there will be a CR at some stage in the next few months - even if MM said otherwise. She would not like to admit it at the webinar, and I also think they thought the SP would go up today.
The same thing happened at the last CR with a commitment not to run one just six weeks before it was.
yes, poor financial management to run funds down to such low levels and rely purely on an R&D payment. Silly stuff.
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $3.318M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $1.282K | 619.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 29910842 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 16356447 | 21 |
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| Last trade - 15.21pm 22/07/2025 (20 minute delay) ? |
| BIT (ASX) Chart |