The creditors aren't in the business of carrying shares? Fuel company? Did you actually take the time to check who the creditors were, who took part in the capital raising, etc.? It's all public info.
Of course the opening price will be the price that buyers and sellers agree upon at that time (by definition), depending primarily (but not exclusively) on POG, new LOM plan (still unknown), production costs, balance sheet and number of outstanding shares. All these variables have changed significantly since December 2016; so, at this stage, I see no reason why the shares should resume trading at 4c just because that was the CR price.
IMHO & DYOR
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The creditors aren't in the business of carrying shares? Fuel...
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Last
3.4¢ |
Change
-0.002(5.56%) |
Mkt cap ! $26.37M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.4¢ | $16.08K | 472.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 144683 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 157003 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 172188 | 0.050 |
2 | 577777 | 0.045 |
1 | 50000 | 0.044 |
1 | 100000 | 0.041 |
1 | 625000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 58535 | 1 |
0.052 | 55000 | 1 |
0.054 | 305000 | 2 |
0.055 | 220000 | 2 |
0.058 | 85800 | 1 |
Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
KRM (ASX) Chart |