Answer to 1 is simple.
Management expected the sp to be 30 to 50c and raise enough to drill a couple of wells flow test 3d then look for partner.
That fell apart with the sp drop.
2. Is absolutely related to 1.
It takes more than 5 min for interested parties to do due diligence and given management had no intention of farming down or partnering for a couple of years so there was zero need for Ppsa.
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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 |