Long term IOU will be heading in the right direction, but short term is a different story IMO.
100m shares issued is 22% of 450m SOI, SP at issue time 70c, take 22% off 70c, that's 56c. That's why I predicted short term fair price to be in fifty cents range.
Long term IOU will be heading in the right direction, but short...
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $17.03M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.8¢ | 1.4¢ | $252.5K | 16.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2187714 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 433613 | 3 |
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| OVT (ASX) Chart |