There was no issue with the side track I'm aware of.
I am just pointing out the black and white where SM said side track was fully funded.
Both can't be right, IF, you believe the cash spend last Q is completely down to MK2 + ST drill then SM either lied at the time about side track funding OR they have some forward spend in the last quarterly.
I agree now is not the ideal time to do a deal but something has to give on the funding front.
The argument then becomes what is best for shareholders?
I certainly haven't given up hope they get the rights issue extra over the line at 13c. No way anyone could buy 13.5 million$ worth on market. The sp would be mid 20's in no time at least IMO.
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Last
5.6¢ |
Change
0.002(3.70%) |
Mkt cap ! $79.40M |
Open | High | Low | Value | Volume |
5.6¢ | 5.7¢ | 5.4¢ | $153.5K | 2.775M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 49999 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.7¢ | 35000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 49999 | 0.056 |
2 | 345287 | 0.055 |
2 | 107592 | 0.054 |
4 | 60956 | 0.053 |
6 | 322387 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 35000 | 1 |
0.059 | 16510 | 2 |
0.060 | 155000 | 2 |
0.062 | 200707 | 4 |
0.063 | 8130 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
5.7¢ |
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Change
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Open | High | Low | Volume | ||
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