@Brumbypat - my message says there is now a ceiling at 10c and the stock will halve due to financing issues.
I note rights issue today @8c - you’d expect less than 50% takeup given ongoing concerns re survival. So I still hold to stock halving and floor now reduced further to 8c. As usual as well they haven’t raised enough again - they need circa $20m.
Also I’m not sure how they can give ‘profit’ projections for 2019 and 2020 when their 12 month projection has always been short.
TBH Price at posting:
9.1¢ Sentiment: Sell Disclosure: Not Held
