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
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12791 | $6.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 13019 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |