You could be right mak. Do you see any value in the mill at all?
Either from a production point of view or a sell or a jv? After all we paid $5m for it.
I assume the proceeds from a sell would only go to pay of debt so nothing left for shareholders. The question is who and why would they provide this $800k facility with potentially another injection after some milestones/criteria is met. Is it fresh money or an existing holder in too deep to let it die.
I don't care at this stage wether the stock trades or not since there won't be any buyers at $0.001 anyway. A consolidation is inevitable unfortunately but I hope it is way further down the track. I'm happy for it to sit at $0.001 for a while until the business is sorted out one way or the other.
Generally I don't think a share consolidation is good but at least it will be traded again although at even lower levels.
You can't sell it at the moment so treat it as a loss, move on and anything else is a bonus.
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Last
41.0¢ |
Change
-0.010(2.38%) |
Mkt cap ! $81.34M |
Open | High | Low | Value | Volume |
42.0¢ | 44.5¢ | 41.0¢ | $972.6K | 2.327M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7300 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 48500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3874 | 0.425 |
1 | 2150 | 0.410 |
1 | 62780 | 0.405 |
1 | 4999 | 0.400 |
1 | 10000 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 44298 | 1 |
0.450 | 150126 | 6 |
0.460 | 10343 | 2 |
0.475 | 1920 | 1 |
0.480 | 18292 | 2 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
TTM (ASX) Chart |