In my view all reading this is a time for management to stop spending money on drilling which deliver decline on vertical scale and to start shares buy back from the funds left-i guess some 80kA$ and so stable market cap and protect shareholders equity ,because what worth to spend on drilling ,while shares purchase already will deliver 50% gains vs issued at 1.2A$ shares taking into account A$ crash since that private placement,so we get 60% gain on this money vs 60% loss currently we have with drilling results!What do you think,sounds fundamentals?
But we all will die hard because this corrupted management which drilling will not benefit shareholders,but stake holders-learn it and those who may take over or under table suit case pass take over for stock prices of now with premium 20%!
Chart - TA, page-2719
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Last
$1.18 |
Change
-0.025(2.08%) |
Mkt cap ! $2.828B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.21 | $1.18 | $4.304M | 3.625M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 153143 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 242958 | 36 |
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| Last trade - 15.01pm 05/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |