Kiwi, As you will be finding out this ugly game is a dam hard way to make a quid for the shareholders and the company. As most juniors only income is derived by rattling the tin mug or formally known as cap raiseing it highlights the importance of using the loot wisely.
Imo this has as good a chance of being a 10 bagger as any other junior on the asx but this will only happen with good drilling results. From my experience over 30-40yrs of trading companies that don't make the discoveries keep rattling the mug until they become that diluted that even with a discovery it makes it difficult to multi bag because of the huge volume of shares. The next process is usually consolidation which mostly from experience reduces the shares on issue but eventually returns the sp back to where it was in the first place.But if this is done in conjunction with good results the opposite can happen. As far as 2c before Christmas, good drilling results and 2c will become a distant memory as long a they don't run out of money first. Managing the money is a skill just as important as the geology.
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $4.066M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $5.906K | 1.067M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1871494 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 2388065 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1670552 | 0.005 |
10 | 10230544 | 0.004 |
9 | 3776780 | 0.003 |
3 | 3199980 | 0.002 |
3 | 4799950 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1541940 | 4 |
0.007 | 1198850 | 3 |
0.008 | 2450320 | 5 |
0.009 | 1033282 | 3 |
0.010 | 1000000 | 2 |
Last trade - 13.53pm 08/11/2024 (20 minute delay) ? |
ICG (ASX) Chart |