You can't get much cheaper than seven tenths of one cent. Try buying anything for .007 cent. Except dud shares on the ASX.
If it gets much cheaper, shareholders and management will be forced to walk away with empty pockets (as they did in AJM). Seven tenths of one cent doesn't inspire confidence when capital raising. AJM carries debt as it is.
No confidence now with this holding.
1MC Price at posting:
0.7¢ Sentiment: None Disclosure: Held
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