Given that their cash runway is plenty to see them through this, you have to look at the metric, bet, hold for a period at micro cap entry, to what re-rate comes if betting on a piece of pie being farmed out, and the JV partner then generating news flow. The potential win bet occurs then as long as you are able to hold , and wait. Bet that on market reaction if farm out delivers, a lift multiples over micro cap, on the back of the JV partners credentials and progress.
Understand the bet, the downside, potential upside, must always factor the entry stake (MC at entry) and probability to deliver.
Cant see any CR required, so its just a waiting game to Bet market being delivered a news event trigger.
- Forums
- ASX - By Stock
- Ann: Becoming a substantial holder
Given that their cash runway is plenty to see them through this,...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CND (ASX) to my watchlist
|
|||||
Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.07M |
Open | High | Low | Value | Volume |
3.3¢ | 3.5¢ | 3.3¢ | $25.54K | 761.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 550000 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 49000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 550000 | 0.032 |
1 | 510795 | 0.031 |
3 | 645934 | 0.030 |
3 | 253000 | 0.029 |
3 | 849999 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 62202 | 2 |
0.038 | 80000 | 1 |
0.040 | 120000 | 3 |
0.043 | 100000 | 1 |
0.044 | 6745 | 1 |
Last trade - 15.54pm 21/06/2024 (20 minute delay) ? |
Featured News
CND (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online