Going to be really hard to recover value here.
my guess is there could well be close to 2B shares on issue once they finalise the equity raising.
also suspect q1 performance will be underwhelming adding further pressure to the sp.
in time this could get back to a 300-400 M MC if sentiment improves, but this would only equate to 15-20 cps.
the best outcome IMO is to see what they can sell Dargues for, and apply the funds at federation. This limits dilution and leaves them with 100 per cent of Federation and Peak.
if they can do this could easily get above 20 cps in no time
Ann: Federation Feasibility Study and Company Update, page-62
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $342.7M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.5¢ | 19.5¢ | $3.516M | 17.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 864958 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 854535 | 16 |
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| Last trade - 12.47pm 23/06/2025 (20 minute delay) ? |
| AMI (ASX) Chart |