I understand that this big drop is highly related to the delay in GOV contract. For this issue, I am happy to wait (even top up), as I have not doubt both GOV and EOS are working hard on it. However, there is one more issue I am deeply concerned: Is this drop also related to the Covid-19 situation in UAE as its confirmed cases continues to rise, breaking the downward trend over past months (see worldometer). Could this bring further uncertainty in EOS's product delivery, so as to the performance in the H2 2020?In the update & equity raising on 15 April 2020, there is such a key point:
I assume this one is the on-progress GOV contract. It was expected to be awarded within weeks, but it has taken more than 4 months without result so far
Trading Halt??, page-7
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Last
$1.55 |
Change
0.075(5.10%) |
Mkt cap ! $298.1M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.63 | $1.47 | $4.045M | 2.584M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5076 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 5000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| EOS (ASX) Chart |