Channa - it has nothing 'proved up' at this stage - It is an exploration play.
I personally like the projects and management, but that is just my view.
It is a 'low cap' of 9mill and $3 in the bank to progress the projects, so no need for a capital raising for at least a year.
At this stage it is high risk, hence the 'low' cap.
If and when risk reduces (due to positive expl results) the share price will go up, along with the cap, and potential profit for speculators goes down.
The trick is to find an entry point that suits your risk tolerance.
Channa - it has nothing 'proved up' at this stage - It is an...
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.88M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 19.5¢ | $14.25K | 71.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14869 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 13000 | 1 |
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| Last trade - 15.58pm 13/09/2024 (20 minute delay) ? |
| E25 (ASX) Chart |