Call me bullish but I see the fair value of this at the moment at 0.20c. I think psychologicaly a lot of holders are hurting mentally on past performance. Whilst its tempting to cut losses with the recent share appreciation I think the smart will hold as this still has a way to go!
• The company has successfully turned around a disastrous IPO with new management with skin in the game and ample industry experience cost cutting admin, It and property expenses to become profitable this year.
• Large one off restructuring ($2,706,329) and impairment expenses ($16,250,173) heavily impacting on 2019 performance.
• The company is now in good financial health with increased cash on balance sheet and no net debt.
• There has been recent insider buying albeit at lower share prices.
• High level of insider ownership and no institutional investment.
• Strong technicals with share price over sold and 50 week moving average crossing 200 week moving average back in June.
Call me bullish but I see the fair value of this at the moment...
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Last
6.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.24M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100000 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 13932 | 1 |
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| Last trade - 16.12pm 03/07/2024 (20 minute delay) ? |
| CCG (ASX) Chart |
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