High risk yes, high reward is not clear at all.
At $1,000,000,000 market cap and that is before further capital raisings and dilution that are imminent how can you justify $1 share price.
The risk is high so you need to be assured that the reward is high for at least 3-1 odds - it is that simple and no one appears to provide anything objective to substantiate the 3-1 return.
Even money on red black at the casino.
$1 billion market cap at $1 per share...., page-42
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Last
30.0¢ |
Change
-0.020(6.25%) |
Mkt cap ! $435.7M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 29.5¢ | $2.355M | 7.796M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128197 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 100000 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |