I'm not sure what to do with this dog.
I'm in at 0.72 cents. I'm tempted to average down at 0.205 cents, but after re-reading the Half Yearly Report I am, again, horrified at the massive blowout in Dubbers spiralling costs and the large decline in their YoY revenue.
They are running out of money fast. Maybe 6 months of cash left? So a possible cap raise could be on the cards. It feels like management are out of their depth and don't know how to control costs. Their restructure plan - assuming they have the competence to actually implement it - will only deliver a paltry $5M in savings per quarter. Which means they will still be losing tens of millions every quarter.
I think tomorrows quarterly update could be a nightmare.
Thoughts?
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Last
3.9¢ |
Change
0.002(5.41%) |
Mkt cap ! $35.08M |
Open | High | Low | Value | Volume |
3.7¢ | 3.9¢ | 3.6¢ | $101.8K | 2.695M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 346445 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 119420 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 331445 | 0.037 |
10 | 717281 | 0.036 |
7 | 1105000 | 0.035 |
4 | 105583 | 0.034 |
2 | 100000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 119420 | 1 |
0.040 | 92553 | 2 |
0.041 | 54100 | 2 |
0.043 | 50000 | 1 |
0.044 | 200000 | 1 |
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