This is serious tin foil hat stuff right here... The market sets the price - if you want to bid up the price to a level you think is reflective of the assets, go ahead. I welcome that. To me it presents a compelling investment opportunity here, hence I've been buying. $2.8m in the bank to 31/12 and you think the directors (acting in the best interest of shareholders) would prefer to operate the company insolvent? I'd say they raised because they had to ahead of a drill campaign to generate value for holders. Retail market is virtually dead for lith plays rights now, so I'm not surprised they went up the food chain.
I feel for long term holders, but keep you're eye on the prize - the assets are decent and time will hopefully cleanse the disconnect in price. It is a serious stretch to say the directors are at fault...
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S1041A Market Manipulation, page-6
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Last
8.3¢ |
Change
-0.002(2.35%) |
Mkt cap ! $15.64M |
Open | High | Low | Value | Volume |
8.3¢ | 8.3¢ | 8.1¢ | $53.56K | 653.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 137687 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 11908 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 137687 | 0.080 |
1 | 45500 | 0.077 |
2 | 300000 | 0.076 |
3 | 538346 | 0.075 |
3 | 45410 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 11908 | 1 |
0.085 | 110000 | 2 |
0.090 | 50000 | 1 |
0.091 | 50000 | 1 |
0.092 | 50000 | 1 |
Last trade - 15.38pm 27/09/2024 (20 minute delay) ? |
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