My entire point is that STX will be needing extra financing due to expensive operating costs and since there is an undrawn debt facility HOW LONG will $46M last them? According to the numbers they spend $28M a quarter so once again, things point towards a trickly 6 to 12 months and once again I ALLUDE to some more financing
I never like debt facilities, convertible notes etc as they are a poor form of capital structure and generally is dilutive. Once again, I am no Investor so F/A is probably NOT my strongest skillset although I am good at what I NEED to find out
The day is FAR from over but as suspected the bids are being hit...Candle is showing a DOJI which is a reversal signal depending on where it is located and with 31c "sup[port" being sold into, wont be hard for them to milk out supply and flashcrash back to 28c to revisit lows. If they break it like I said Cap Raise likely at some price and probably a breakdown as low as 14c downside is on the books as there is nothing indicating otherwise
As mentioned yesterday, I do NOT want to get in the way of this $1 BILLION DOLLAR TRAIN thats steam rolling bids and longs so thats one whale seller
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $572.1M |
Open | High | Low | Value | Volume |
20.0¢ | 20.3¢ | 19.5¢ | $1.138M | 5.714M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 1354940 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 1925583 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
37 | 1354940 | 0.195 |
52 | 2313872 | 0.190 |
24 | 1074427 | 0.185 |
25 | 1179467 | 0.180 |
7 | 139258 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 1925583 | 11 |
0.205 | 1086191 | 8 |
0.210 | 3279528 | 12 |
0.215 | 1024883 | 13 |
0.220 | 1286949 | 18 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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STX (ASX) Chart |