They were handed a poisoned chalice. They tried their best but the game was up when they couldn't attract a single bidder, even at a bargain basement price.
Why do you think Warren Irwin now always takes the trouble to emphasize that he took profit at 40p? That was not the tune he was singing once upon a time.
The smart money left long ago, the institutional money stays simply because SOLG is such a small part of their portfolio. The SOLG ship has been dead in the water for some time, and time is not its friend now.
DGR Takeover Price, page-95
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Last
1.6¢ |
Change
-0.003(15.8%) |
Mkt cap ! $16.69M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $34.50K | 2.126M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1499587 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 270589 | 1 |
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| Last trade - 15.55pm 30/09/2024 (20 minute delay) ? |
| DGR (ASX) Chart |