They need to hock it off for way more than book value just like others did.
This is trading insanely low for what it would fetch on a sale of parts - nobody trusts them to deliver any of that though.
I sold a boat load at 27c because they didnt want to use the money how id expect, but kept enough, and am very surprised to see it trading so far below cash or NAV.
It wouldnt take much to turn it around, but obviously trust in management is lost even after doing an insanely good deal.
Ann: Application for quotation of securities - 5GN, page-56
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $48.52M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $21.95K | 145.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6187190 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1707190 | 22 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |