Seems as though the BOD and management had become dysfunctional.I'm not a fan of the Chairman,BOD.Looks like the chairman who I think was one of the founders of the company(part of thr problem) wants to shut the mine down now,keeps blaming the spod price which don't wash with me.All about reducing the costs to mine the ore in which he seems challenged in doing for so me reason.Need to be making good profit with spod price at US$1000t - US$1200t anything above this is just a bonus,he has had plenty of time to rectify this problem but produced zero.If he's waiting for US$1500t for spod I think he'll be waiting a long time.Also the drilling program has just become farcical with the amount of money spent and very little results provided,something not right there but probably a reflection on how the company has been run.
Get ready for a bloodbath tomorrow and for the SP to tank over the next week,how low it goes will be anyone's guess.
IMO DYOR
Cheers
Banter and general comments, page-37100
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Mkt cap ! $224.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.5¢ | $2.626M | 24.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 171 | 7148514 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 10.5¢ | 2021056 | 2 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
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| Open | High | Low | Volume | ||
| 10.5¢ | 11.5¢ | 10.5¢ | 14022601 | ||
| Last updated 16.10pm 07/06/2024 ? | |||||
| CXO (ASX) Chart |