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.
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I think a CR at this point is a great way to batter the share...
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Last
$2.94 |
Change
-0.050(1.67%) |
Mkt cap ! $347.2M |
Open | High | Low | Value | Volume |
$2.99 | $2.99 | $2.90 | $477.3K | 162.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 745 | $2.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.94 | 19 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 745 | 2.930 |
1 | 1220 | 2.920 |
1 | 1220 | 2.910 |
1 | 1220 | 2.900 |
1 | 1760 | 2.840 |
Price($) | Vol. | No. |
---|---|---|
2.940 | 19 | 1 |
2.960 | 1220 | 1 |
2.970 | 7720 | 2 |
2.980 | 1220 | 1 |
2.990 | 4000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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DUG (ASX) Chart |