My next prediction is the BOD do a quick fire capital raise while the SP is still up before it inevitable falls.
Recently they exercised the lifeline of drawing down $1m of the $4m available from the SA government. Sure the SA (then) Labor Government was using tax payer dollars to buy jobs for SA but the SP was so low (@ 7c) that they couldn't go back to the market for money given the previous CR was at 15c to "sophisticated" investors.
I just thought it was a dangerous sign that they were borrowing money (going into debt albeit cheap debt) when they had no guarantee of sales.
With the SP touching 17.5c in afternoon trade those trades this morning well north of 20c are looking pretty good.
As I write this with only 30 minutes of trade left it looks like it will struggle to finish at 18.5c (1c LESS than my prediction this afternoon).
Just my 2.2c
Ann: APAS Independence Receives US FDA 510(k) Clearance, page-88
-
- There are more pages in this discussion • 295 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LBT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.4¢ |
Change
-0.001(3.45%) |
Mkt cap ! $22.83M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $26.39K | 1.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5685833 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 50000 | 1 |
View Market Depth
| Last trade - 14.31pm 30/08/2024 (20 minute delay) ? |
| LBT (ASX) Chart |