If I take up $5,000 worth, I get 13,008 shares. In a year's time, at 50c its worth $6,504, an increase of $1,504 in 12 months, or a 30% return on the $5,000 in 12 months. If it takes me a year to pay off the credit card at 15% interest, I've still made 15% return.
Better tha a bank rate!
If you use your home equity on a re-draw facility at 7% interest to finance the $5,000, you're even better off, netting 23% for the year.
Why wouldn't you get into this??? Price has GOT to be over 50c in a year's time, surely.
spp 41c, page-10
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.811K | 702.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 13668904 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1997361 | 7 |
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| Last trade - 10.02am 02/08/2024 (20 minute delay) ? |
| CTO (ASX) Chart |