Say the market crashes and this goes back to 1.5c .... which it can do. Then what .....?
They've got about 4 months of cash left in the kitty right now . (We saw what happened mid year last year with the 5c oppies).
The longer you stave off a CR the more predictable you become. investors aren't stupid, they will crunch the stock.
They need to address it. The 4c throws up options but it doesn't give clarity about future inflows.
Say the market crashes and this goes back to 1.5c .... which it...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.81M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $45.54K | 3.795M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 892499 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2637307 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ESR (ASX) Chart |