Current projects have not attracted any interest for many years. New management now have there feet under the desk and need to start thinking about a new strategy. Can’t continue to fund these projects with a $4m market cap. Sell up and find something new IMO. They should be able to update the scoping study for the new resource which is a good time to look for a buyer and cash out. If they can cash out of all projects for around 10m in cash then they have a good chance of rewarding shareholders in the long term
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $7.175M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $9.346K | 1.703M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 12594765 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 14636448 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2200000 | 0.006 |
9 | 8299899 | 0.005 |
6 | 3650000 | 0.004 |
3 | 2622888 | 0.003 |
3 | 4000100 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 2536904 | 6 |
0.008 | 3066187 | 5 |
0.009 | 1057001 | 6 |
0.010 | 5904545 | 3 |
0.011 | 500000 | 1 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
NAE (ASX) Chart |