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%!
In my view all reading this is a time for management to stop...
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Last
$1.14 |
Change
0.050(4.59%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $13.39M | 11.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 380096 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 204419 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |