I agree with most of the above and will most likely retake a position later in the year.
The only caveat I see is that their cash outflows last quarter were ~$4 m leaving their cash balance at ~$4.7 m. It would seem to me that there will be a cap. raising soon (which they have previously alluded to in any case), which given the current environment may have a reasonable discount to it.
On the watchlist as always.
Cheers
SBC
elephant multibagger within months, page-4
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Last
$15.91 |
Change
-0.660(3.98%) |
Mkt cap ! $2.117B | |||
| Open | High | Low | Value | Volume |
| $16.49 | $16.49 | $15.60 | $1.524M | 94.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17 | $15.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.91 | 50 | 2 |
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| Last trade - 10.14am 11/11/2024 (20 minute delay) ? |
| NEU (ASX) Chart |