Yes Itchie, I was there & management accept they have made some poor decisions, however they have many plans in place, (some already implemented) to turn the co around. ie, with top line products & agreements in place, stratergies to reduce debt and streamlining of efficiancies all seems very positive if it all comes together.
Re takeover,
I spoke to mr Oates who said the bid is serious ( already bought 20%) but they will need some time to do their due diligence etc, plus fun need to get independant evaluation of co to report back to shareholders, re if its a good deal for all shareholders etc. I feel confident the deal will eventually go ahead, however it just depends what will be the overall price which I think will be more likely to be the .80c or even slightly higher. This process is said to take time aprox 2-3 mths, hence IMO why its trading at a discount. Mr Oates said the co are focussed & will endeavour to keep us up to date continually with progress.
Good luck to those who hold
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Last
9.6¢ |
Change
-0.004(4.00%) |
Mkt cap ! $11.10M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.2¢ | $425 | 4.413K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11019 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 71 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10869 | 0.092 |
3 | 42000 | 0.090 |
1 | 35000 | 0.088 |
1 | 100000 | 0.082 |
1 | 100000 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 71 | 1 |
0.100 | 195463 | 3 |
0.115 | 10000 | 1 |
0.120 | 142225 | 4 |
0.125 | 30867 | 2 |
Last trade - 15.36pm 26/07/2024 (20 minute delay) ? |
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