AON 0.00% 1.3¢ apollo minerals limited

No money means no drilling. $1.1 mill is enough to limp along,...

  1. 5,236 Posts.
    lightbulb Created with Sketch. 94
    No money means no drilling. $1.1 mill is enough to limp along, but not enough to start a drilling campaign.

    At these share prices there is not much it can do full stop. AON is authourised to print 60 million share (10% of issued capital), let's suppose this is done at an optimistic price of 0.7 cents, that would still only raise $400k after costs. So AON goes from having $1.1mill in the bank to $1.6m , can't do much extra with that!!!!.

    Which is why I am so perplexed by the total lack of post drilling marketing. There has been no broker raodshows etc to try and spruik the value of the assets, thats the only other way they can get their shareprice to acceptable levels. They have pattersons on board with that glowing valuation report, why aren't they encouraging follow up reports from pattersons etc?. So many questions....
 
watchlist Created with Sketch. Add AON (ASX) to my watchlist
(20min delay)
Last
1.3¢
Change
0.000(0.00%)
Mkt cap ! $18.10M
Open High Low Value Volume
1.3¢ 1.3¢ 1.3¢ $7.345K 565.0K

Buyers (Bids)

No. Vol. Price($)
6 948032 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 1761131 2
View Market Depth
Last trade - 09.59am 04/12/2024 (20 minute delay) ?
AON (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.