They have around 600 million shares on issue, my guess is they will do a 1 for 10 when the price reaches 1 cent.
This company has no firm resource, if they had anything real the price would be around 8 cents.
Coal projects often have a high cost start up in excess of $200 million. The falling coal prices make any undeveloped resource high risk because of the payback uncertainty.
price target, page-3
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $96.08M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 15.0¢ | 14.0¢ | $401.7K | 2.819M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 257150 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 69295 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AQC (ASX) Chart |
