Still do not get how certain companies are rising to ridiculous MCs right now, during a recession, without a formal JORC Resource, without PFS, without DFS, without an established mine, without an endorsed mine plan, without EIA, without Gov support and mining permits, and with no cash holdings to support those steps listed above.
Yet they command MCs of 400-600M valuation, puzzles me. Then the retail will cry poor in a ear or two (when the SP tanks and management sells out) that they were deceived. Baffles me.
Still do not get how certain companies are rising to ridiculous...
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Last
14.5¢ |
Change
-0.010(6.45%) |
Mkt cap ! $30.07M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $3.276K | 22.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 84381 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 12663 | 1 |
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| EMH (ASX) Chart |