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 "
I concur !He efforts do not gain traction with the market. The...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $7.158K | 68.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 125318 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 71666 | 1 |
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| Last trade - 15.45pm 12/08/2024 (20 minute delay) ? |
| PEX (ASX) Chart |