But this is the sweet spot, that's what I'm trying to say.
Any earlier, and we would have had a VWAP under 10c. Any later and we risk drifting back down there again (even today's trades will now weight on that 5 day period). There is an opportunity right now to put cash in the bank that may not be as attractive at a future point in time, and definitely wasn't attractive last month.
Directors weigh these calls all the time. I know we all hate CR's, but they are a necessary dilutionary evil, and we're better to do it at 13c than 9c
Constrained Value Estimate, page-15
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $12.57M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 16.0¢ | $188.7K | 1.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 85000 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 64539 | 4 |
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| SUM (ASX) Chart |