Adrian quoted that they will maintain costs in FY24 and it is stated in the preso that the revenue of $3.4M is recurring. You have reasonable doubts and I can relate to that given the countless empty promises... In any case, I hope there won't be a need for CR.
I am betting that Capricorn will buy more on market to push the price above 1.75c.. There are tons of oppies at 1.75c that could bring in another $9.5M cash. Only takes a few hundred grands to push it to 2c and it will be a win-win situation for Capricorn given they are set at 1.2c
Ann: Investor Presentation, page-100
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1.0¢ |
Change
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Mkt cap ! $46.03M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $12.83K | 1.192M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 9296062 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 2120991 | 5 |
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