fwiw... my tuppence worth
The fellow banging on about cash has a point... once you get past his unpleasant way of making his point.
imo... a CR for this stock is what it needs to progress. The SP is clearly under pressure because there are enough doubts out there regarding the financial position... so it's probably going to languish until either a CR is done or the company provides evidence of cash flow.
The worst thing for a company is to be insufficiently funded. A sizable CR [$10M+] would be a temporary hit to the SP but it would recover as news comes along about how the company is growing. Only short term traders should fear a CR... for those who want to be invested in a long term prospect getting the money worries out of the way is a positive.
fwiw... my tuppence worth The fellow banging on about cash has a...
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $128.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 12.5¢ | $112.3K | 861.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33174 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 40000 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| TTT (ASX) Chart |