Seriously guys, 99.9% chance of this company folding once Alcoa cease Australian operations, it probably doesn't even have great prospects as a shell. As Dott points out there could well be environmental and other liabilities the continue once reprocessing shuts down (how are they going at reprocessing the partly recycled material?).
If Alcoa want the business, they'll let it collapse and then buy up the remnants at the liquidators auction or hire those who know how to make it work once they walk away.
This latest phoenix like rise that seems to be getting people excited has been fuelled by a whopping 1,000,000 share for around $15,000. There's no action because it's not even worth selling for holders who've lost 90% plus of the value of their investment already. Maybe some fun to be had by someone selling to themselves?
I'd say RISK >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>reward
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51.5¢ |
Change
0.025(5.10%) |
Mkt cap ! $266.4M |
Open | High | Low | Value | Volume |
50.5¢ | 51.5¢ | 49.0¢ | $291.5K | 577.7K |
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No. | Vol. | Price($) |
---|---|---|
3 | 61469 | 50.0¢ |
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Price($) | Vol. | No. |
---|---|---|
51.5¢ | 104999 | 2 |
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No. | Vol. | Price($) |
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3 | 61469 | 0.500 |
2 | 9965 | 0.495 |
4 | 35494 | 0.490 |
7 | 182000 | 0.485 |
4 | 7537 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.515 | 104999 | 2 |
0.520 | 15565 | 4 |
0.525 | 78565 | 2 |
0.530 | 80565 | 6 |
0.540 | 53000 | 4 |
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