Of course best case scenario, funding and re-rate. If market likes the news, $2 buyer stake crosses at >$2.75 to strategic long-only investor, cheap stock taken out from market, supply go down, SP goes up. DVP goes >$3, market follows the momentum trajectory and back to $4 this goes.
For now, the stock is at a crossroads. The market is sitting on the fence:
If they can find the good money (reasonable rates, strategics, de-risking), long term hold no brainer.
But if no money (CR at discount) or on onerous terms then the stock is a value trap, prepare for drop.
Until they announce the finance for reals, SP sideways movement with no trajectory. Market needs to see the money first, and what kind of money.
Ann: Investor Presentation, page-46
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Last
$2.34 |
Change
0.030(1.30%) |
Mkt cap ! $627.9M | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.35 | $2.30 | $154.3K | 66.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3936 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 4453 | 8 |
View Market Depth
| Last trade - 11.27am 07/10/2024 (20 minute delay) ? |
| DVP (ASX) Chart |