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
8.6¢ |
Change
-0.001(1.15%) |
Mkt cap ! $20.07M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.6¢ | $22.62K | 258.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18335 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 27149 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 322000 | 0.085 |
1 | 11500 | 0.084 |
1 | 15000 | 0.083 |
2 | 65000 | 0.082 |
1 | 50000 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 81299 | 2 |
0.097 | 10319 | 1 |
0.099 | 63405 | 2 |
0.100 | 425401 | 3 |
0.105 | 88800 | 5 |
Last trade - 15.58pm 20/09/2024 (20 minute delay) ? |
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BML (ASX) Chart |