It is an endless cycle:
1) Share price consolidation at 1 cent
2) REE exploration announcement to hype up the market, especially retail.
3) People accumulated at 1 cent sold out at 30-100%+ profit
4) Capital raise at steep discount after exploration announcement hype.
5) Momentum vanished and share price drops back to 1 cent.
6) New cycle continues. Management gets paid big bucks and company remains as a bottom tier ASX exploration stock.
It is an endless cycle:1) Share price consolidation at 1 cent2)...
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Mkt cap ! $12.58M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1734242 | 8 |
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