Unfortunately I feel the damage has been done.
best outcome at this stage is a full takeover at perhaps 20 cps.
they have no choice as I see it but to recapitalise the business with a huge equity raising (60-90 M) somewhere around the 10 cps share range. Once the funding is done it will likely trade sideways for a year or so until federation starts full production.
Ann: Organisational Update, page-3
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21.0¢ |
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Mkt cap ! $355.2M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.0¢ | $362.7K | 1.750M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26755 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 1107423 | 18 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| AMI (ASX) Chart |