Forget what the textbooks say.
This has been said before.
Fair value = cash equivalent - mean average cash burn
= $150,000,000 market cap
This will go lower than cash backing because the cash burn is piss in the wind.
Class action, page-135
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Last
5.6¢ |
Change
-0.001(1.75%) |
Mkt cap ! $409.9M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.7¢ | 5.5¢ | $588.7K | 10.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 3833615 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 362546 | 9 |
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| Last trade - 10.35am 27/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |