Domsdayers and Down rampers be doomed, "to retire debt"
Everyone here has been played by downr ampers for FOD, on the charts it is really close to throwing a technical BUY signal and no doubt the down ramping has had a very specific purpose.
Anyway, todays private $3m placement, not only positive to retire debt, but yet again the placement firm has agreed to be paid in Options at a strike price of 6c with expiry of 2 years. ie they don't get paid anything until the shares get to 6cents
That alone should signal to retail investors that the people within industry are not seeing doomsday, quite the opposite in that that are trading a guaranteed cash payment today for a possible much larger one in the future and inside of 2 years too.
TIMBER!!, page-171
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $51.84M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $22.35K | 132.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10232 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 493826 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| OJC (ASX) Chart |