According to the Dec financials the company has $1.9m in current assets and $1.78m in liabilities. It means they had about $140k after liabilities. Now that was over 3 months ago. The MD salary alone with Super is approx $96k since then. Let alone other staff, office expenses, exploration, insurances and directors fees.
The companies track record is
1) it has lost $71.7 m of shareholders hard earned money - that has just vanished over the years
2) In the past year they have lost $13.5 m of share holders money
3) in the past year they were forced to take an impairment (loss) of $11.9m because of Pedirka. What actual Due Diligence was done on this project.
4) the companies share price has been in a sustained downward trend, with lower highs and lower lows.
So if the share price is 4.2c today, and given the track record, who will want to contribute to a capital raise and at what price?
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Comnpany announces capital raise is coming, page-7
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.667M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $1.678K | 129.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 298227 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 71000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 298227 | 0.013 |
7 | 976537 | 0.012 |
5 | 1591093 | 0.011 |
7 | 2276308 | 0.010 |
9 | 1708887 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 71000 | 1 |
0.018 | 328100 | 4 |
0.019 | 45789 | 2 |
0.020 | 9999 | 1 |
0.024 | 25000 | 1 |
Last trade - 14.38pm 24/07/2024 (20 minute delay) ? |
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Mark Waller, MD
Mark Waller
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