I reckon the comany is simply trying to get their story in front of many more investors that it has been able to in the past. Their SP has been suffering for the last 18 months when they've delivered circa. $12m in contracts over 12 month CY and got sweet FA in share price action..plus US Navy as a customer!! an't get any better customer than that! (arguably).
(A3D Aurora labs recently announced a pidly $49,000 order from defence which got them from 3c to 9c !! Go figure!!??)
The management probably also believe they're undervalued when comapred to peers in this market, like some current investors think.
My view is good on them for trying to get their story out and bring more value to its shareholders...and opportunity to new shareholders...
At least what they've paid in shares/stock (not cash), they're getting their money's worth... nothing dodgy here in my view. Great company, huge potential, undervalued at even $35 MC, more news to come, new US facility, more contracts with US Defence, O&G etc, should be a $100m MC easily with all the current contracts and whats coming.
(remember this is just the beginning as once they finish their quailification program the floodgates will open for new and bigger contracts, especially now the US facility is opening...
Onwards and upwards, lets all be positive and enjoy the journey![]()
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $56.86M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.0¢ | $80.13K | 522.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 604202 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 560167 | 0.150 |
25 | 939470 | 0.145 |
12 | 909240 | 0.140 |
9 | 163810 | 0.135 |
5 | 371091 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 40000 | 1 |
0.160 | 286058 | 9 |
0.165 | 604106 | 6 |
0.170 | 214059 | 8 |
0.175 | 484351 | 17 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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AL3 (ASX) Chart |