I'm disappointed by the market reaction, but actually this seems like a good move to me.
From my understanding, they are using this to fasttrack the expansion plans for ANMA which would increase our revenue potential. More products equals more revenue.
Hopefully, once they have their strategy firmly embedded they would ideally look to consolidate the shares to a mid-volatility range. 1:10 perhaps.
Essentially, from what I recall they are ~$2mil a month in profit which means they could have waited 2-3 months to make the $5mil. Correct me if I'm wrong.
I'm disappointed by the market reaction, but actually this seems...
-
- There are more pages in this discussion • 74 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add JAT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
66.0¢ |
Change
0.070(11.9%) |
Mkt cap ! $54.95M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 66.0¢ | 59.5¢ | $116K | 183.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 65879 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| JAT (ASX) Chart |