Selling arguably the best asset in the portfolio at distressed pricing during a sector downturn is a master stroke of strategic genius. It's certainly not something you do two years earlier, or wait until you've almost run out of cash and are scratching around for alternatives. Only a mental midget would argue otherwise, right?
It will be interesting to read just how low the cash position gets at end-March, sans the $1M Signing Consideration, when the quarterly is released in late-April.
Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-17
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $306 | 68.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 93 | 67338482 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 15975469 | 30 |
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| Last trade - 13.17pm 10/07/2024 (20 minute delay) ? |
| POS (ASX) Chart |