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.
IVZ = finished, page-3
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Last
7.0¢ |
Change
0.002(2.94%) |
Mkt cap ! $99.25M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.8¢ | $76.35K | 1.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 711327 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 459858 | 10 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
6.8¢ |
Change
0.002 ( 1.45 %) |
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| Open | High | Low | Volume | ||
| 6.9¢ | 7.0¢ | 6.8¢ | 164012 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| IVZ (ASX) Chart |