Unfortunately I feel the damage has been done.
best outcome at this stage is a full takeover at perhaps 20 cps.
they have no choice as I see it but to recapitalise the business with a huge equity raising (60-90 M) somewhere around the 10 cps share range. Once the funding is done it will likely trade sideways for a year or so until federation starts full production.
Unfortunately I feel the damage has been done.best outcome at...
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Last
19.0¢ |
Change
0.010(5.56%) |
Mkt cap ! $321.3M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 19.0¢ | 17.5¢ | $2.272M | 12.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55948 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 100000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| AMI (ASX) Chart |