D25
I think that metric isn't a very useful one. Double cash reserves sounds so arbitrary, and a little too simple... I'm not suing it couldn't drop to 60, but probably not for your reasoning...
More likely that people lose faith in managements ability to extract value from these assets and dump the stock.
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Last
$2.47 |
Change
-0.060(2.37%) |
Mkt cap ! $2.880B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.50 | $2.44 | $4.898M | 1.978M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 233572 | $2.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 93831 | 35 |
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| Last trade - 11.21am 16/07/2025 (20 minute delay) ? |
| RMS (ASX) Chart |