MLS 0.00% 2.6¢ metals australia ltd

With an SP of 0.3c or less, is it even viable to do a CR which...

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  1. 715 Posts.
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    With an SP of 0.3c or less, is it even viable to do a CR which will be required after the drilling, or will we have to basically sell the company.

    I have had a lot of faith in our direction over the last year, but it looks like the market is not of the same opinion. The current ssp is being solely driven by sellers as there appears very little interest from buyers.
    We have been on a steady decline since Feb last year although it had slowed in the last few months. I am fearful of what might happen over the next few months.

    IMO even if the drilling is good, it will be years before I might get my money back. This is becoming an expensive lesson for me, next time I will be more patient when buying shares, because what looks like the bottom is not always the bottom.
 
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Last
2.6¢
Change
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Mkt cap ! $17.45M
Open High Low Value Volume
2.5¢ 2.6¢ 2.5¢ $18.31K 707.6K

Buyers (Bids)

No. Vol. Price($)
1 3934 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 109960 2
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