I'll just like to add for those new to investing in exploration companies:
Explorers raising money is difficult even when the market is good. Generally, if an explorer has someone throwing money at them, then they will take it through a raising whilst it's being offered. Mainly because there could be a sudden market downturn and it's better to have cash on hand rather than not in that situation. Or even the examples that have been discussed - if drilling results have turned out bad.
Also, it better not to run your cash down to low levels before raising as it places the company in a bad negotiating position and they may have to accepts terms that are not ideal to shareholders. Better managed explorers usually don't let the cash on hand drop below $1M before seeking a raise.
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Last
6.2¢ |
Change
-0.005(7.46%) |
Mkt cap ! $5.844M |
Open | High | Low | Value | Volume |
6.5¢ | 6.5¢ | 6.0¢ | $16.35K | 259.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50822 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 2547 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50822 | 0.062 |
1 | 2000 | 0.061 |
2 | 45750 | 0.060 |
2 | 35344 | 0.058 |
1 | 30000 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 2547 | 1 |
0.072 | 20657 | 1 |
0.073 | 60417 | 2 |
0.075 | 189773 | 2 |
0.080 | 3289 | 2 |
Last trade - 15.29pm 24/06/2024 (20 minute delay) ? |
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