I think this hits home at the root cause of our recent share price plunges. I was expecting to see 88E trading in the 6-8c range before the flow rates were announced (and indeed we were) but then the last two announcements came out that didn't really sound positive, kinda mighta have sounded a bit neutral but to a lot sounded a bit vague and doubtful, and we plunged (twice).
I'm not sure what the answer is - maybe DW needs to write announcements like he has been, but then put in an explanation from PB as to what it means - I don't know. But I know that we can't keep rising and plunging like this every week or else we will just keep spooking investors and then the company will unfortunately earn a reputation for having a SP that varies wildly which isn't what solid investors are looking for - and once we get past these flow results and move into the next phase then we really need a solid, confident investor base.
Another option might be a simple six slide presentation to investors on what the procedure is for the next few weeks until we get flow rates.
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Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $31.76K | 15.34M |
Buyers (Bids)
No. | Vol. | Price($) |
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17 | 14573501 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 473268494 | 221 |
View Market Depth
No. | Vol. | Price($) |
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13 | 13210001 | 0.002 |
222 | 902354202 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 435695727 | 211 |
0.004 | 268594591 | 99 |
0.005 | 111579541 | 42 |
0.006 | 36092900 | 34 |
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