At least they are not sitting around and adds another string to the bow. With other Aussie Companies exploring over that way and associated economics, they may find it was a good decision. Azumah and Atomic are two that come to mind.
Give or take, around $8M worth of shares for their successful acquisition after consolidation may not be a lot to pay over time. If successful their market cap will increase which will be reflected in the sp. which will be beneficial for all shareholders.
However, I would still like them to get some of their proved-up reserves to the crusher.
Share price a little more healthy today with plenty of trades.
At least they are not sitting around and adds another string to...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.98M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $37.40K | 3.740M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 18839670 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 68204 | 1 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |