They definitely want the ODs in the money and the only way to do that is to get the heads above 5 cents. They hold a shitload of ODs too and they will provide a massive cash injection. I can't see how they are going to get them in the money given the current SP, iron ore sentiment and where we are currently sitting (DFS and funding are a while off).
Lets see what they have up their sleeves but it needs to be impactful. A fluff announcement now will just lead to less confidence and further selling.
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Last
24.0¢ |
Change
-0.025(9.43%) |
Mkt cap ! $24.52M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 24.0¢ | $93.94K | 370.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 25699 | 1 |
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| Last trade - 13.25pm 08/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |