We are all very frustrated with the lack of upwards movement in the share price as well as what presents as 'silence' from management in articulating concrete plans to market, although we do know why this time - they are waiting on further results.
I only hope (terrible strategy when combined with investing but its all thats left) that the next long awaited announcement is as clear as glass and leaves no room for speculation in regards to permits, yields / outputs, profitability and achievable timelines.
It appears Neil Biddle was a tad exuberant from the initial get go with his promises surrounding the project which I think has led many a person astray. That combined with covid delays and having to produce their own equipment to measure efficacy of the product has all culminated in lengthy delays and where we are now share price wise.
Management have stated several times that the next lot of results will be out this quarter and all we can do is wait. Once these are out, and assuming they are workable then PFS is next.
I hope the time now is the dark before the dawn and that the beginning of 2023 will see the formalisation of GRV becoming Australia's only producer of bitumen.
Watch that share price move when the penny drops for those looking for an undervalued investment on the ASX - until then patience, patience, patience.
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greenvale energy ltd
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We are all very frustrated with the lack of upwards movement in...
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Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $20.68M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.8¢ | $608 | 15.78K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 94711 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 73039 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 94711 | 0.038 |
1 | 20000 | 0.037 |
2 | 78850 | 0.036 |
1 | 60000 | 0.035 |
1 | 100000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 73039 | 1 |
0.042 | 1613 | 1 |
0.044 | 60000 | 1 |
0.045 | 241924 | 2 |
0.046 | 50000 | 1 |
Last trade - 15.37pm 19/06/2025 (20 minute delay) ? |
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RESOLUTION MINERALS LTD
Craig Lindsay, In-Country CEO
Craig Lindsay
In-Country CEO
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