RE: Down and down the shares go.4 Apr 2024 13:02
This is going to keep falling. Surprising why people voted for consolidation. It always allowed them to do another fundraise. Some people seems to have not realised the company now has authority to issue 50% more of the company shares. The funny thing at what price? As the shares fall they raise less and less. We can guarantee though that the company will sell more shares. It will not be long before there is more dilution. And guess what? Shareholders voted for it. LOL. I bet they never vote to give the company further authorities. This company will not see out 2024. Forget these grand plans about hydrogen storage. The company has too little cash, and Horsehill is really non commercial.
Expect shares to continue to fall. Down and down they go.