I’d consider buying around 12-15c now, even then it’s going to be a very long time before there may be any upside due to huge headwinds and risky…
If it does go belly up the Denmark site would hopefully be of value - but IMO the firesale value wouldn’t be anywhere near what they paid for it (who wants a capital intensive cannabis growing facility in this high inflation/energy/fertiliser environment?).
Feel for anyone that bought the flashy pump early - look on the bright side though, at least you are sitting on decent capital gains tax losses.
DYOR IMO
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Last
11.5¢ |
Change
-0.003(2.13%) |
Mkt cap ! $34.83M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $31.66K | 274.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 135447 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 31600 | 1 |
View Market Depth
| Last trade - 15.50pm 08/11/2024 (20 minute delay) ? |
| LGP (ASX) Chart |