For those holders that advocate the company buying back shares on market, consider this. They'd be destroying value....they just raised a third of their market cap at 1.1c & now you want them to pay over the odds to buy them back? That's value destructive. What's more, it's clear and public knowledge the funds are earmarked for further drilling to prove the resource base. That's what you signed up for as a shareholder. The fact that the share price has moved against us should not be of a concern if you're a true investor if the company is executing on its operational aspirations....and they are. This is a highly volatile tiddler- extreme share price gyrations should be considered as part of ownership. If your focus is 'long' and you can ride the emotionally charged share price movements then you should be fine.
I read a post above where a holder believes the share price will be 8c within a year but yet is tortured about whether to stay invested or move on. Bugger me stupid. If he/she truly believes with that share price prediction then how the hell they could be conflicted with staying invested escapes me. I'm way under here on paper but personally I see what they're doing with what they have & what's happening in the industry on our lease boundaries & it's more than enough to keep me 'in'. DP cops so much shite here and it's directly correlated to the share price. If this was at 3.5c and it could very easily be in a years time all things equal then those that are ripping into him will laud him as a genius. It's kinda like the colosseum here, the crowds support is fickle and impatient.
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Last
43.5¢ |
Change
-0.010(2.25%) |
Mkt cap ! $41.52M |
Open | High | Low | Value | Volume |
44.5¢ | 45.0¢ | 43.5¢ | $5.984K | 13.56K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11717 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 10800 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10517 | 0.435 |
2 | 25255 | 0.430 |
1 | 25000 | 0.425 |
2 | 22378 | 0.420 |
1 | 4000 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 10800 | 2 |
0.455 | 80000 | 1 |
0.460 | 4000 | 1 |
0.470 | 26959 | 2 |
0.475 | 50000 | 1 |
Last trade - 15.46pm 01/11/2024 (20 minute delay) ? |
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