XAO 0.57% 8,754.7 all ordinaries

STTCOMP OGX TA SHORTSP 0.004cMC 6mS.O.I trillionsCash bugger...

  1. 605 Posts.
    lightbulb Created with Sketch. 434
    STTCOMP OGX TA SHORT

    SP 0.004c
    MC 6m
    S.O.I trillions
    Cash bugger all

    Fully underwritten renounceable entitlement offer to raise 5m at 0.002c...Current SP- 0.004c.

    Market cap of 6m and debt at 3x market cap.
    Oz of gold mined so far...bugger all
    309oz at a cost approaching 28m


    TA.
    Maccy D has not crossed above zero in last 6 months.
    trading at all time lows currently down 95% from 52 wk highhttps://hotcopper.com.au/data/attachments/1482/1482645-ee0a454f53a2411b0eb859492d84ca96.jpg
    ..
    Technically the chart is a duster and a 50% discount entitlement off to current SP is a total clusterf**k.
    Price should be driven down towards 0.002c at some stage...Hopefully not straight away.
    Scary times for OGX holders and am still amazed the thread has people posting even today with a BUY sentiment.

 
watchlist Created with Sketch. Add XAO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.