ZEN zenith energy limited

Ann: FY20 Interim Results Presentation, page-7

  1. 619 Posts.
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    @danhoff Yes, I'm almost sure that we will get guidance upgrade in the near future.

    If I were an institutional investor with millions of dollars to invest in a stock, I would wait for either:
    1. A capital raise to pick up the shares at a 5-10% discount.
    2. Wait for an improvement in their balance sheet.

    I don't mind missing out a few % gains from the bottom to reduce my risk.

    With that said, I don't think we will see the $0.50 to $0.60 price range again unless something unexpected pops up.
 
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