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
9.3¢ |
Change
-0.002(2.11%) |
Mkt cap ! $21.70M |
Open | High | Low | Value | Volume |
9.7¢ | 9.7¢ | 9.2¢ | $73.34K | 780.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2827 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 250000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2827 | 0.093 |
2 | 31739 | 0.092 |
1 | 97000 | 0.091 |
2 | 105560 | 0.090 |
2 | 100000 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 250000 | 1 |
0.097 | 25177 | 1 |
0.098 | 100000 | 1 |
0.099 | 32500 | 1 |
0.100 | 36000 | 2 |
Last trade - 15.47pm 26/06/2024 (20 minute delay) ? |
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BML (ASX) Chart |