Muyakea, my opinion is that the whole point of a speculative stock is to build a business by raising capital via the markets. CCA has been around for a while but has not been diluted massively and yet they are generating income with massive potential. The rewards will be great if you have skin in the game. As we have seen, given it's low liquidity, one announcement and this can rocket to 30c. And if that happens, yeah sure you have an opportunity to get back, but at the same time you have missed the bonanza.
I guess this is a less conservative approach
Best of luck
Ann: FY21 Q2 Global Trading Update & Appendix 4C, page-57
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Last
7.4¢ |
Change
-0.001(1.33%) |
Mkt cap ! $46.44M | |||
| Open | High | Low | Value | Volume |
| 7.5¢ | 7.6¢ | 7.4¢ | $103.2K | 1.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150000 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.9¢ | 100000 | 1 |
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| Last trade - 15.55pm 15/07/2024 (20 minute delay) ? |
| CCA (ASX) Chart |