I concur !
He efforts do not gain traction with the market.
The last cap raising was on June 06 @ $0.31. In the 4 & 1/2 months since the share price has manged to close above that on only a handful of occasions. What an indictment on management !
IMO it has now got to the point that there is a reluctance on the part of buyers to get involved. Knowing full well that whilst R.T continues on yet another drilling crusade it will only be a short time before another capital raising is needed. Given the atrocious timing with the last few & the company's inability to generate meaningful buyer interest, people know there is a good chance of picking the stock up cheaper next time the hat goes around.
The share price is effectively in " backwardation "
Jim Simpson, page-7
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $81.35M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $37.57K | 269.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 147483 | 2 |
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| Last trade - 15.33pm 12/07/2024 (20 minute delay) ? |
| PEX (ASX) Chart |