Unfortunately the 330mt is not the issue here.
The main problem AKM faces now that if they want to raise any cash they will have to do so at much lower levels.
In other words, depending on the size of the raising AKM may never see $1 again.
Think back to KZL when they fell from $5.
Shame as AKM has the goods but they dont have the capital which is what will destroy the share price. Similar story with all spec stocks. Attack me if you will but the same thing has happened before during the GFC im sure this is still fresh in your minds.
Best thing to do is wait for a basing pattern to emerge once the carnage is over, then decide the appropriate entry point. This way you will avoid being another GFC statistic.
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Unfortunately the 330mt is not the issue here. The main problem...
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Last
33.0¢ |
Change
-0.020(5.71%) |
Mkt cap ! $167.5M |
Open | High | Low | Value | Volume |
35.0¢ | 36.0¢ | 32.0¢ | $192.7K | 567.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 85097 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 0.325 |
5 | 83962 | 0.320 |
1 | 1645 | 0.310 |
1 | 11500 | 0.300 |
1 | 10000 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 85097 | 1 |
0.360 | 9923 | 1 |
0.365 | 36169 | 3 |
0.370 | 64340 | 3 |
0.380 | 677954 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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