I completely agree with that sentiment. I've supported the last two capital raises because they are essential for the company to achieve its ambitious growth plans of reaching $300-500 million in revenue within the next five years.
Now that they've secured the necessary funding, it's time to focus on execution. Big sales will drive the share price to $2, $3, and beyond. Without that momentum, it could drop below $1.
My comment was more about how macro sentiment (Dow Jones down 494 points) might impact the share price today, especially following a share purchase plan. While I don't expect it to drop to $1 today, if it were to happen, today would be the day.
Ann: Successful Completion of $120m Underwritten Placement, page-96
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Last
$1.22 |
Change
-0.035(2.80%) |
Mkt cap ! $1.059B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.28 | $1.22 | $15.76M | 12.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 150913 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 50500 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |