The buyers at 1c are drying up and I suspect we may drop below 1c soon. The JORC update, when it comes may help but a lot of other good announcements have failed in that regard except for a smallish quick bounce followed by fallback.
With the state of the finances as they are now I think the company should announce a CR very soon after the JORC announcement, otherwise it may be raising capital at very low rates with huge dilution consequences.
In any case, after a couple of years here (holding a max of 4.25 million at one stage. I have just sold out completely with a loss of about 20% of outlay. I might re-enter after I get some TNG and/or PLS profits (assuming they come good) and see where YRR heads over the next few months.
The buyers at 1c are drying up and I suspect we may drop below...
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $120.8M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $12.86K | 902.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 6414179 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 9542873 | 26 |
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| Last trade - 15.52pm 26/08/2024 (20 minute delay) ? |
| AVL (ASX) Chart |