I agree with most of the above and will most likely retake a position later in the year.
The only caveat I see is that their cash outflows last quarter were ~$4 m leaving their cash balance at ~$4.7 m. It would seem to me that there will be a cap. raising soon (which they have previously alluded to in any case), which given the current environment may have a reasonable discount to it.
On the watchlist as always.
Cheers
SBC
elephant multibagger within months, page-4
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Last
$13.79 |
Change
-0.280(1.99%) |
Mkt cap ! $1.762B | |||
| Open | High | Low | Value | Volume |
| $13.73 | $13.88 | $13.40 | $9.796M | 714.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1588 | $13.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.84 | 1625 | 2 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| NEU (ASX) Chart |