It could go down under $0.5 or even lower.
EOS clearly is facing a cash flow crisis. The bad cash flow position would also hesitating or holding back on potential new orders. The bad cycle can only breaks if EOS wins a big major contract which is the land 400 phase 3. If EOS lose this opportunity, would easily see the SP steep fall in price to $0.3 -$0.5
Only by that time the management board would stop dreaming and come back to reality to talk real business.
It would be a good buy when its below $0.5, just be patient, wouldn’t take long to get there.
Ann: Share Purchase Plan, page-28
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Last
$1.78 |
Change
0.035(2.01%) |
Mkt cap ! $343.4M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.80 | $1.75 | $615.0K | 345.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1808 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 6525 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| EOS (ASX) Chart |