Seems a pretty big discount to the last traded price however there is no point having agreements and contracts and not having product to sell.
The time for this company isn't in 6-12 months, its now given what has transpired over the past few weeks. If this money is to scale up for inventory asap so they can generate revenue then it will be far better off in the long run then not having the inventory and no revenue.
Even $100m revenue has potential to deliver a MC $1-$2b.
I cleared some more funds today to have a buy in for any dip sub 90.
Ann: $70m Fully Underwritten Placement and up to $5m SPP, page-191
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Last
$1.93 |
Change
0.115(6.34%) |
Mkt cap ! $1.471B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.93 | $1.84 | $26.96M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 100522 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 219038 | 7 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |