Raising money on market and saying that it's going to take a long time (due to sector dynamics) is a challenging task - and a poor investment proposition. Anyone with half a brain wants their money to be compounding as much as possible in as short a time reasonable.
The challenge was providing a sense of security or guarantee in a highly speculative stock. The story is supported by management pedigree, paid research providers, and likely a market maker. A few years of presentations stating conversations with big players were close to conclusion or were looking promising added fuel.
Despite global events and economic developments, meaningful deliveries have been repeatedly promised over a long period but have yet to be realized as I see it.
Is it fair to argue that the risk profile has actually increased over time despite technical developments?
Running discussion on SP, page-8789
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Last
$2.38 |
Change
0.160(7.21%) |
Mkt cap ! $451.9M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.38 | $2.19 | $1.896M | 828.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1096 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 105071 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |