It seems to me that the situation as the company described it could be completely accurate. If we had one or more prospects move on from tyre kicking to demanding our bona fides to actually supply it could be perfectly true that the raise was needed to check off some of the pre-conditions to serious contract negotiation. I am also not surprised in the least that contract negotiations could take in excess of two months. Finally, it seems perfectly understandable that if Anteo are knee-deep in lawyers negotiating a contract they may well be enjoined from making announcements (either due to listing rules or by the party(ies) they are negotiating with).
Anyone who takes a fair minded look at progress and behavior under the new team over the last couple of years has to be pretty fickle to be panicking at this point. If you don't see the retrace as a buying opportunity I would think you would at least think of it as a blip that will soon be forgotten once the company emerges from whatever restrains it at the moment.
I've owned a lot of dogs in my day and this does NOT feel like those did.
GLTAH.
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Last
2.1¢ |
Change
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Mkt cap ! $50.57M |
Open | High | Low | Value | Volume |
2.2¢ | 2.3¢ | 2.1¢ | $38.09K | 1.731M |
Buyers (Bids)
No. | Vol. | Price($) |
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15 | 1505316 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.3¢ | 676543 | 1 |
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No. | Vol. | Price($) |
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13 | 1275316 | 0.021 |
23 | 7086140 | 0.020 |
8 | 1679806 | 0.019 |
1 | 55277 | 0.018 |
3 | 129500 | 0.016 |
Price($) | Vol. | No. |
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0.023 | 676543 | 1 |
0.024 | 763004 | 5 |
0.025 | 6144436 | 12 |
0.026 | 1064565 | 4 |
0.027 | 1147100 | 7 |
Last trade - 15.57pm 03/05/2024 (20 minute delay) ? |
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