Who is going to buy now to support the sp with all the risks announced and a possible discounted CR in the horizon?
Shame really, if management just bloody focused on Jaws and did the CR at the start of the year purely for the balance sheets and success of Jaws then we could perhaps pay our debts and have something left for emergency! Now we got bloody nothing! $5mil burn rate per quarter! Where is the money going to come from and who'll want to take in the risk unless they're a big O&G?
I don't think big O&G are looking to be honest, even if they are, they'll come with a predatory TO price to acquire the geology at the lowest price possible knowing if we don't accept, it is bunkruptcy!
This price is BS, page-2
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Last
17.3¢ |
Change
-0.008(4.17%) |
Mkt cap ! $494.2M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.0¢ | $809.7K | 4.646M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 84 | 2995770 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 1783372 | 51 |
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| Last trade - 14.56pm 16/08/2024 (20 minute delay) ? |
| STX (ASX) Chart |