The trouble is, nobody is prepared to step up. Everyone can see what the problem is.
If somebody or a group of people stepped up and bought the shorfall, and provide the company with $10M to $13M, things should calm down (ie. the share price fluctuations). Of course, that would be very expensive to them, given the current price difference.
As it is, everyone, including his/her drover's dog, knows there is NOT enough money to carry out their programs of seismic and drilling.
Not going to happen until they either, do another CR or a JV partner buys in; which is Not likely at the moment.
Until then, the shorters, day-traders and institutional players will attack this.
The trouble is, nobody is prepared to step up. Everyone can see...
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Last
7.8¢ |
Change
-0.001(1.27%) |
Mkt cap ! $112.3M | |||
| Open | High | Low | Value | Volume |
| 7.8¢ | 7.9¢ | 7.8¢ | $27.77K | 354.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 433314 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.9¢ | 764999 | 3 |
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| Last trade - 15.51pm 30/08/2024 (20 minute delay) ? |
| IVZ (ASX) Chart |