XAO 0.14% 8,567.0 all ordinaries

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

  1. 605 Posts.
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    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.

 
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