This company is valued not based on earnings but based on assets. In this market without constant positive news about the assets it is left it open to attack from manipulators. Unfortunately recent corporate events have not helped. If you don't think there is any manipulation just sit and watch the spread of buy/sell.
Orders appear and disappears on both sides only to re-appear a few seconds later.
Luckily one of the Assets has been monetized to at least give certainty to the value and support to the NTA or CAB per share.
Finally for those that believe in its value ( non cash value) some current drilling will soon reveal " what lies beneath" the asset value.
I for one hold until our drilling reveals what we need the market to see about those non cash assets.
This company is valued not based on earnings but based on...
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Last
$1.40 |
Change
-0.030(2.10%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.45 | $1.39 | $3.298M | 2.345M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23830 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 51420 | 4 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |