Bit of a blanket statement there.
I think it comes down to a couple of things:
1) were they on borrowed time? i.e. was the change in management foreseeable? - in this case, it was not out of the realms of possibility. Nobody may have been expecting it yesterday, but after some digestion it is not a total shock.
2) who is pulling the strings? have key shareholders weighed in here?
There is a lot of uncertainty here which I think may hurt the SP but given where the company is at, I don't think it can get that much worse.
We already knew there would be an impairment. We already knew certain operations were suspended.
I would love to know how much cash they have in the bank right now.
Bit of a blanket statement there.I think it comes down to a...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.1M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $1.403M | 10.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 109 | 4758289 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 213574 | 2 |
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| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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14.0¢ |
Change
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| Open | High | Low | Volume | ||
| 13.8¢ | 14.0¢ | 13.5¢ | 4591608 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| CXO (ASX) Chart |