DFC won' affect the share price significantly. Brian needs to convince serious investors that he can find sponsors to finance the project and desperately needs money to continue the drilling. For the past two years, the company has been burning app 800k A$ per month. We have money left for the next 2-3months, so we need appr 9-10mil for the next year unless he suspends the drilling and focuses on building the mine only. The company spends loads of money on drilling, and there is no genuine share price appreciation, leading to continuous dilution and CRs at lower and lower prices. I wonder whether it is worth spending that much money in the current state of the economy
DFC won' affect the share price significantly. Brian needs to...
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Last
1.2¢ |
Change
-0.002(14.3%) |
Mkt cap ! $11.29M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.1¢ | $77.74K | 6.455M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3934045 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.2¢ |
Change
-0.002 ( 7.69 %) |
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| Open | High | Low | Volume | ||
| 1.2¢ | 1.2¢ | 1.2¢ | 4501918 | ||
| Last updated 15.44pm 03/05/2024 ? | |||||
| AAU (ASX) Chart |