Sorry team, ice bucket challenge time.
If the price gets anywhere near $1 per share, there will be in excess of 4,000 million shares on issue. (I am assuming all the entitlements will have been taken up and all the options converted by the time the market pushes the share price up to that level; and no more share issues to raise capital.)
That means the company would be valued at more than $4 billion, nearly 50 times its current market value.
Hard to see that happening on what we know today. I'm a believer, but it is hard to see a price even half that in 4 - 5 years time. 2021 will be good to us all, just not that good.
HNY
Sorry team, ice bucket challenge time.If the price gets anywhere...
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| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $5.774K | 1.262M |
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| No. | Vol. | Price($) |
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| 48 | 17847226 | 0.4¢ |
Sellers (Offers)
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| 0.5¢ | 13486379 | 42 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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| 0.5¢ | 0.5¢ | 0.5¢ | 100630 | ||
| Last updated 15.27pm 06/05/2024 ? | |||||
| VML (ASX) Chart |