Either way it’s going to be an interesting ride from.
One thing I was thinking before your reply was that maybe the buyer is a broker supporting the VWAP for a CR.
I checked the financials and they’re receiving excellent revenue but this years loss was $50m ie $12.5m a quarter and last years was $105m or $26m a quarter. As at 31.12.22 they had $12m in the bank so I believe a raise maybe imminent.
Depends how much revenue they have received in the last few months I guess. My calculation maybe off and the SP may get support for a higher raise.
Good luck with your buy I hope it pays off and holders do well.
I will sit on the sidelines as a curious onlooker.
Ann: 2022 Financial Statements, page-27
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Last
4.6¢ |
Change
-0.001(2.13%) |
Mkt cap ! $273.2M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.8¢ | 4.6¢ | $523.0K | 11.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3608693 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 2280181 | 1 |
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| MMI (ASX) Chart |