going lower, why?
1. Specs are out of favour, bluechips need to run first
2. Large seller in market - overhang will take some time to clear, why buy at these levels when it could possibly be cheaper tomorrow?
3. No money has been drawn despite recent approval, strange really, this will only lead to delays
4. cornerstone investors seem a myth, without them the IP will not be bought and the 150/- ton Plant will not proceed, so where does that leave things?
5. licence deal alluded to be Con last year never materialised
interesting times ahead for small companies. if funds are sought through share issues then expect huge dilution - something the company has expressed it is against
going lower i wonder: new stop losses
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $11.10M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $1.515K | 504.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 13357839 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11826592 | 27 |
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| Last trade - 15.57pm 28/06/2024 (20 minute delay) ? |
| ECT (ASX) Chart |