Yes I very much agree that's the most likely scenario now. This also means the share price might go down by upto 20% as a result of the dilution so a 1.1-1.2 is likely short term.
Then depending on cashflow from sales we should see the sp move higher to recognise the change in fundamentals. My thinking is that a target of 2.5-2.7 is the next level where we have a reasonable amount of resistance.
All in my opinion of course. GLTAH
Ann: Half Yearly Report and Accounts, page-84
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add C7A (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.501M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19976 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 154727 | 1 |
View Market Depth
| Last trade - 10.02am 18/09/2024 (20 minute delay) ? |
| C7A (ASX) Chart |
Day chart unavailable