I think a CR at this point is a great way to batter the share price further. Another quarter of some cash positive flow with now a lower amount of debt should invigorate some trust from the market and grow the share price to a 80c+ level. That is where a CR would be better placed and garner much more financial support. Right now most holders are underwater and likely want to see some return to racking up cash.
Otherwise we had a run up in Jan followed by a market-wde dip that crushed the rally - no CR followed.
I think a CR at this point is a great way to batter the share...
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Last
$2.66 |
Change
0.060(2.31%) |
Mkt cap ! $314.2M | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.70 | $2.60 | $317.7K | 119.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1655 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 1657 | 1 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| DUG (ASX) Chart |