I support your sentiments, Winsomelose.
A good time to look at facts. One, the share price rose on news of major shareholder (soph's) support for a fund raising but crashed spectacularly from it's 0.024c level to the 0.011-0.014 band it is in at present. Two, the share price has virtually no momentum, in terms of both volume and price movement.Three, a fund raising from other shareholders on the basis of a bonus issue at 0..02c with extras was made when the share price was substantially lower than the bonus price. You can wait for the wash-up announcement if you like but odds on it missed the fund raising target. Four, the Company issued a series of announcements at the time of the bonus issue that gave every indication they were not on top of the process.
A reasonable derivative from the facts is that a core of shareholders has been spooked by a major loss of confidence in the Company and this has led to the sell off already recorded. Until this confidence issue is rectified it is a matter for the rest of us to sit and wait if you're an optimist or sell and cut losses.
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I support your sentiments, Winsomelose. A good time to look at...
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $27.57M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $108.5K | 8.458M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 13577678 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 416666 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 13577678 | 0.012 |
13 | 17300210 | 0.011 |
6 | 8142012 | 0.010 |
8 | 5597422 | 0.009 |
12 | 4711871 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 416666 | 1 |
0.014 | 11547937 | 15 |
0.015 | 5015065 | 6 |
0.016 | 9186456 | 9 |
0.017 | 3163079 | 5 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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