That’s my thinking too in terms of the SP, sadly on neutral or bad news we will fall below 2c. Some talk about horizontal drill and Farm In all sounds good but will require additional funds from a CR or we will forego % ownership should a Farm In agreement materialise for IW#2. Both scenario’s equal dilution. Also, how many new shares were issued after the year low of A$0.016 ??? This will be a factor in where the new benchmark “may” end up. On balance we have received some good news therefore this “may” offset some of the pain. Of course, this is all on the premise that IW#2 fails, which to date it hasn’t but so far the signs are not too promising.
Important to consider ALL of the information available and most importantly DYOR.
Good Luck All
ASX Today, page-11470
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $27.03K | 13.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 359 | 956509315 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 8325743 | 6 |
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| Last trade - 14.55pm 08/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |