I was talking to a stockbroker the other day about some of my holdings that were not performing well. His opinion was that repeated failed capital raises is usually an indicator of a trajectory to zero. Clearly the market does not see a positive future or they would support the CR.
A couple of my holdings are in this situation, RFX being one. Both are developing advanced technological solutions and are in the very early stages. It really is a gamble whether they make it or whether they end up defunct. You might also think that if other companies thought the technology had a future, they would have snapped RFX up for the technology.
Ann: National Battery Strategy, page-21
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $29.07M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.3¢ | 10.5¢ | $27.94K | 255.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 134108 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 102215 | 3 |
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| Last trade - 15.43pm 02/08/2024 (20 minute delay) ? |
| RFX (ASX) Chart |