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.
It looks pretty good.$40M really indicates that production/sales...
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Last
$6.92 |
Change
-0.020(0.29%) |
Mkt cap ! $6.468B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5820 | $6.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.93 | 15020 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |