to me this looks like abit of manipulation to keep the price down so that large holdings can be bought/sold around the 10c mark. The sell queue has been stacked over the past few days killing any forward momentum.
I dont believe there is anything wrong with the company. I suspect DRA expect CHN to pay the $4m by October (after 1m oz JORC) which will be used to clear the remaining convertible notes.
With Net Assets >$30m..and a MCap of $75m...this will be much higher in a few weeks.
Cheers
enter the dragon......, page-52
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Last
$2.01 |
Change
0.010(0.50%) |
Mkt cap ! $111.4M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.01 | $2.01 | $2.492K | 1.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9750 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 5000 | 2 |
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| Last trade - 15.37pm 30/08/2024 (20 minute delay) ? |
| DRA (ASX) Chart |