This thread is to allow those with a Bearish view an outlet to discuss.
I'll kick if off.
- Only a few month of cash before they need to dip into Acuity bucket at which point they will sell on market. See announcement.
- Missed all the milestone dates..
- Interest rates are likely to remain high or possibly go up making it difficult to finance the project.
- Commodity prices remain below the DFS business case making it difficult to finance the project.
- No milestone announcements due that will change momentum.
- Technically the asset remain bearish on the major trend.
- Back testing the minor trend on low volume.
- Presentation is likely to bring a few in, but the quality of some posts in other threads may not encourage their participation.
Thoughts.
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Last
9.6¢ |
Change
-0.009(8.57%) |
Mkt cap ! $22.40M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.6¢ | $41.73K | 424.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18560 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 63500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18560 | 0.096 |
4 | 181186 | 0.095 |
1 | 10000 | 0.091 |
2 | 61000 | 0.090 |
1 | 50000 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 63500 | 2 |
0.110 | 60000 | 1 |
0.115 | 125588 | 3 |
0.120 | 224238 | 4 |
0.125 | 284215 | 2 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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BML (ASX) Chart |