I'm not so pessimistic. Perhaps they should have done the rights issue closer to the AGM ... then they could have offered it at 3.5c or 4c.
But either way, it has been priced to sell ... and the $2m raised should keep it going for another 2 years. Those in the know seem to hold on to their ALY ... and then there are the day traders who are in and out a bit. The results they have obtained in the Bryah Basin are amongst the best I have seen, and gold looks like it is on the upper, and the AUD on the downer.
I like what the company is doing ... and there may well be something to their AGM blurb: 'that a rich award awaits'.
I'm not so pessimistic. Perhaps they should have done the rights...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.068M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $67.24K | 11.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 6775912 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1356659 | 3 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| ALY (ASX) Chart |
