Not Investment Advice: Just some interesting analysis that I though I would also add to this post stream:
Currently, the company has 436,859,655 issued shares valued at $0.115 each, resulting in a market capitalization of $50,238,860.33. If 76,268,355 new shares are added at the same value, the new market capitalization would be $59,009,721.15.
With current cash holdings at $4,061,000, the new cash holdings after the addition of shares would be $14,061,000.The current market cap to cash ratio is calculated as $50,238,860.33 divided by $4,061,000, resulting in a multiple of 12.37. After the addition of shares, this ratio becomes $59,009,721.15 divided by $14,061,000, which is a multiple of only 4.20.
This indicates a significant strengthening of the company's position, as the market cap to cash ratio decreases from 12.37 to 4.20. In other words, the company's stock which is currently trading at a multiple of 12.4 times the cash on hand, will reduces to only 4.2 times the new cash on hand after completion.
IMO, it suggests that the current stock price of $0.115 represents a good buying opportunity.
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $57.00M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.0¢ | $113.3K | 989.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 787780 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 301010 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 687780 | 0.110 |
8 | 661500 | 0.105 |
7 | 1649935 | 0.100 |
1 | 200000 | 0.095 |
2 | 39000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 301010 | 5 |
0.120 | 36917 | 1 |
0.125 | 229617 | 5 |
0.130 | 777500 | 8 |
0.135 | 422095 | 7 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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AW1 (ASX) Chart |