You aren't wrong.
With these pre-profit microcaps, one needs to set out clear milestones to justify continued investment [*], and when those milestones are not met, a strong sell discipline needs to be in place.
In the case of this company, for me the milestone that was breached some time ago was that the perceived need for another equity capital injection needed to dissipate, not increase.
[*] or, indeed, additional investment if milestones are exceeded by sufficient degrees.
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Ann: 2Q 2024 Trading & 360 LATAM Growth Update, page-8
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Last
39.0¢ |
Change
-0.015(3.70%) |
Mkt cap ! $169.0M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 39.5¢ | 38.5¢ | $8.039K | 20.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 9336 | 1 |
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| Last trade - 12.21pm 11/11/2024 (20 minute delay) ? |
| FDV (ASX) Chart |