The stock only had a handful of shares trade under 2c - no one ever had a chance to get any volume down there.
Even at 3c Riedel's Enterprise Value (EV) is only $8.5m - compare that to European Cobalt (EUC) with EV of about $50million - implies still a long way to go for Riedel.
That said I tend to agree with you, probably best to let it cool in short term and see if any of the Rights Issue stock comes back out - although given the register is so tight I imagine they are pretty sticky hands.
I would expect some further exploration work to fine tune the high priority targets already identified would be getting underway well before 2018.
Ann: Rights Issue Closure and Notice of Shortfall, page-8
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.447M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 53671861 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 17189649 | 17 |
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| RIE (ASX) Chart |
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