GAS 0.00% 5.6¢ state gas limited

Ann: Prospectus, page-10

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 19,662 Posts.
    lightbulb Created with Sketch. 277

    20% goes to repaying themselves, that's a red flag for me, to action a massive discounted CR (52% @ 15day VWAP) and only attract $2mil from institutions, says a lot, when no one was interested in this raise at 5 cents.

    8 cent option is worthless, as nothing in the table below suggest the share price will rally from 5 cents.

    There is no way they will achieve 100% of their targeted $8.9mil.

    This HDNG has been a time waster and diverted cash away from the activities they are now trying to raise funds for.

    Also the physical pipeline cost should be amusing, as to date GAS has delivered very little, except for the gas in the ground, above ground there is nothing to show.

    https://hotcopper.com.au/data/attachments/6363/6363484-7bf55fca44e70a1c39407c699059045e.jpg

    I am out, there are plethora of beaten up stocks that have more appeal.Good luck to all holders.




 
watchlist Created with Sketch. Add GAS (ASX) to my watchlist
(20min delay)
Last
5.6¢
Change
0.000(0.00%)
Mkt cap ! $21.24M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 217269 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 115754 2
View Market Depth
Last trade - 10.04am 14/10/2024 (20 minute delay) ?
GAS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.