What happens when these guys blow through the cash and look for another CR in 18 months- 2 years time.Correct me if I’m wrong but this is a small industry where word gets around fairly quick.
I don’t think any investor who got in at a CR of 7.5cent would be too happy to reinvest or would be too comfortable encouraging others to invest either.
Management have hit a home run and will live very well off this takeover and do you know what, fair play to them,But you are kidding yourself if you think they care about the shareholder.
Too many people have been burned for it not to have an impact going forward but hey, who cares when you have 61 mill in the bank
What happens when these guys blow through the cash and look for...
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Last
10.0¢ |
Change
0.001(1.01%) |
Mkt cap ! $220.4M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.3¢ | 9.7¢ | $391.2K | 3.917M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 353280 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 849600 | 8 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| STK (ASX) Chart |