I think its very strange the company has not addressed the financing issue. It’s the elephant in the room.
Funding strategy to date has not been favourable to shareholders so my guess is people aren’t sticking around for he next discounted cap raising... it’s like a self fulfilling prophecy though as the share price can’t rise with so many short term holders exiting.
DF following the exact same stategy as he did with Atlas Iron except atlas raised money in the biggest mining bull market of all time. Still not convinced he can deliver good returns to shareholders (although I am confident he can take the company to production)
Share Price, page-175
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $21.52M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.5¢ | $44.39K | 372.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54804 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 140700 | 2 |
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| WTM (ASX) Chart |