Everybody in the market know what the problem is: lack of funding. They tried to raise $15M from retail, but only got $1.5M - ie. 10%.
And nobody wants to take up the shortfall.
Thereafter, market participants do what they do in this situation: trade it, either up or down, to make money. Like you, they are out to make a buck.
You guys always had the opportunity to fill the gap; by buying the shortfall!!! I mentioned that several weeks ago, when it was near 10 cents.
But as always, you prefer somebody else to chip in the funds - without diluting your % holding...Lol. That was never going to be realistic.
The simple facts are:
1. The company does not have enough $$$$$$$ to complete its programs, and
2. Thus far, the drill results are "inconclusive" at best - I will let you guys draw your own conclusion about the worst case scenario.
So until these issues are resolved, the market investors will sit on the sideline and watch, whereas the market players will play, to gain their 10% to 20% per day or per week.
And you guys will have to bear it.
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Last
7.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $112.0M |
Open | High | Low | Value | Volume |
7.8¢ | 8.0¢ | 7.7¢ | $61.71K | 788.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38661 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 242433 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 38661 | 0.078 |
2 | 22882 | 0.077 |
7 | 398226 | 0.076 |
3 | 128333 | 0.075 |
4 | 427202 | 0.074 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 242433 | 1 |
0.080 | 94537 | 4 |
0.081 | 343873 | 1 |
0.082 | 205965 | 2 |
0.083 | 306895 | 2 |
Last trade - 10.51am 24/07/2024 (20 minute delay) ? |
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