Opening price will be a slaughterhouse as they don't have the commercial quantity/grade of U - I predict a slow and demoralising sell off to no man's land (3-4c).
The stock will be virtually worthless. Little cash and no resources. Possible trades on the way down if you are game.
I just cannot see the news being good. They did the right thing by suspending the stock.
It shows the extraordinary risk again by investing in exploration companies (of which I have a few). BAS all over again.
The SP will plummet until a raising is offered to "sophisticated investors" and it will all start again assuming they have a contingency plan.
The reality is truly dreadful for holders.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 66337 | $1.20 |
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Price($) | Vol. | No. |
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23 | 104357 | 1.190 |
14 | 173347 | 1.185 |
11 | 105154 | 1.180 |
8 | 451869 | 1.175 |
Price($) | Vol. | No. |
---|---|---|
1.200 | 68895 | 61 |
1.205 | 111112 | 29 |
1.210 | 243806 | 21 |
1.215 | 118949 | 17 |
1.220 | 163080 | 16 |
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