the other point to mention is the shares on issue
Already 500 million! And last 3 years they've been doing cap raises every 12 months. At 65c they will.need to raise again in not too distant future meaning more dilution.
I can see this settling at 50 cents tbh maybe even 40 once all the excitement wears off and people actually stop buying on the hype and look at the business and how it's performing. And then the next cap raise will come, dropping it further.
$2 By Friday, page-151
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Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $138.0M |
Open | High | Low | Value | Volume |
29.5¢ | 31.0¢ | 29.5¢ | $184.5K | 610.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 127114 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.295 |
2 | 5900 | 0.290 |
6 | 189641 | 0.285 |
5 | 51391 | 0.280 |
3 | 39850 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 127114 | 1 |
0.310 | 47731 | 4 |
0.315 | 50000 | 1 |
0.320 | 34928 | 6 |
0.325 | 52000 | 2 |
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