It looks pretty good.
$40M really indicates that production/sales are ready to take this company into profit. Why? Because a low cr like this to cover expenses for one Q is all that is needed.
The share price should rise from here. Why? As the price for the spp is set on the average over the last 5 days to the 26th and there should be a (say) 1 for 10 offer at 17.5% discount. It gives punters a month to buy to the record date then sell 10% of their holding, to buy back at 17.5% discount and resell again at a 17.5% profit.
$40 million spp and placement?, page-16
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |