I feel the price is at 2 cents because the market
assumes Rio will probably walk . Markets being forward looking I think that news is being factored into the price . Company needs to get the drill bit fired up ... plenty of cash in the tin .
Drill Drill we have great targets and potentially an early development option. Clearly Rio have been tantalised by the Blue Steel anomaly and the fact that they have grabbed a 1000 sq km of tenements surrounding the AZY land package can't be discounted . Rio was happy to drill to 600 metres and were left scratching their head . Will they leave it unresolved ?
Cash of 8 mill mkt cap just over 20 mill I'd suggest we're looking discounted full stop . In a market and society that craves a constant information feed , our periods of long pauses hurt our share price . Professional outfit looking forward to news of the next drilling program .
Cheers
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $51.81M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $50.46K | 4.956M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 13457888 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 8150578 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 13407888 | 0.010 |
26 | 10278170 | 0.009 |
15 | 6515590 | 0.008 |
5 | 2322000 | 0.007 |
3 | 2525000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 8150578 | 7 |
0.012 | 7628322 | 13 |
0.013 | 8601164 | 9 |
0.014 | 4285505 | 8 |
0.015 | 3435848 | 6 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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