I agree, the volumes are light. It’s likely trapped holders from before the RTO exiting for a loss.
We’ve had a Director buying recently closer to 3c and holds close to 10% of the register. Also bought after drilling commenced, he isn’t offloading.
The current spec climate has FAU trading almost at cash backing ($1M EV). I’ve seen shells without prospects and no-name management with a higher market cap.
Compelling risk vs reward from these levels.
Cheapest gold play on ASX, page-54
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.623M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 53037190 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 86896181 | 30 |
View Market Depth
| Last trade - 10.55am 05/11/2024 (20 minute delay) ? |
| FAU (ASX) Chart |
Day chart unavailable