SPX 20.0% 0.8¢ spenda limited

I believe management are doing a decent enough job in setting up...

  1. 907 Posts.
    lightbulb Created with Sketch. 579
    I believe management are doing a decent enough job in setting up SPX for long term success. Unfortunately I think the SP is in for further pain short term. The requirement for further first loss capital, plus the current cash burn rate coupled with the less than marketable parcel sales facility is going to keep putting downward pressure on the SP. Given that revenue won’t increase significantly in the next 6 months or so, SPX is going to need an insto cap raise for operations and first loss capital for the current debt warehouse house and agri. It’s a difficult balancing game for management currently, hopefully they can pull it all off with as little dilution for holders as possible. Let’s hope they can lock in the right intso/funds for long term growth, timing is key.
 
watchlist Created with Sketch. Add SPX (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
-0.002(20.0%)
Mkt cap ! $34.59M
Open High Low Value Volume
1.0¢ 1.0¢ 0.8¢ $47.86K 5.309M

Buyers (Bids)

No. Vol. Price($)
12 4592499 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 455549 2
View Market Depth
Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
SPX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.