Steini, I think you are being a bit hasty to judge. We have no reason to expect a CR below the current share price. The only possibilities that make sense (and are consistent with the presentation) are all good, for example:
- buying another company
- participating in another JV, or ramping up investment in the existing JV, with high returns expected
- signing another OEM partner that requires up-front investment but will pay itself back in spades...
I'm with Gotta in that we should wait and see.
PS. I would be very annoyed if it is a capital raising at a discount for working capital, but I can't see it being that
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $56.45M |
Open | High | Low | Value | Volume |
12.0¢ | 14.0¢ | 12.0¢ | $3.548K | 27.98K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 80 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 668448 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 80 | 0.125 |
2 | 26877 | 0.120 |
1 | 34652 | 0.115 |
2 | 4100 | 0.110 |
2 | 16500 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 628448 | 6 |
0.145 | 83210 | 3 |
0.150 | 385114 | 5 |
0.155 | 98432 | 2 |
0.160 | 70000 | 1 |
Last trade - 15.09pm 19/08/2024 (20 minute delay) ? |
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