JDVICTORIA ...
"The BUY placement was on the cards for a while and was announced before the sp hikes started."
This is not the case. I have followed BUY for some time now and what I think you are referring to is the 1.5c per share placement to all shareholders earlier this year.
I do not recall any mention of a further capital raising until it came out of the blue last week. I too have some serious concerns about this opportunistic placement at 5c after Kelso talked up the share price using his IEV valuation methodology - an entirely appropriate methodology to value a company with existing, proven hydrocarbon assets - but NOT, in my opinion, an appropriate valuation methodology for an explorer with unproven assets.
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share placement kills credibility, page-11
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0.4¢ |
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Mkt cap ! $5.994M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $1.719K | 429.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3139510 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 6405399 | 9 |
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No. | Vol. | Price($) |
---|---|---|
3 | 3139510 | 0.004 |
31 | 22910954 | 0.003 |
14 | 15963777 | 0.002 |
8 | 9977480 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 6405399 | 9 |
0.006 | 3702871 | 8 |
0.007 | 2939999 | 5 |
0.008 | 1812846 | 4 |
0.009 | 1371971 | 4 |
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