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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This is serious tin foil hat stuff right here... The market sets...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.73M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 9.8¢ | $18.61K | 184.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7938 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 47410 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.100 |
1 | 53608 | 0.097 |
2 | 41687 | 0.096 |
1 | 38300 | 0.091 |
3 | 49466 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 47410 | 2 |
0.110 | 55766 | 1 |
0.115 | 17455 | 1 |
0.120 | 75000 | 1 |
0.125 | 46000 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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TOR (ASX) Chart |