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4.622M OSX shares were traded yesterday on the ASX for $2.106M...

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rvajna

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28/03/24

00:09

Post #: 73093695
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Originally posted by stevenjd: ↑

Correcting an earlier post.

Will it run out of money again. Thats the question.
And will it then do another loan shark terms that destroy equity with dilution notes.

The market priced this at shell, because it had not been able to rectify the cash flow inbalance.
It will therefore likely return to its awakening that the next CR is around the corner, and discount me this, discount me that, shark loans here and where next ?

Your equity means nothing when you have a dilution spiral, that will now allow a 12-1 issue balloon the valuation, after the 15-1 consolidation,, and now with all that new scrip, that has to accommodate, to whatever degenerate to new level to represent the potential path to a shell again on life support unless they change the cash flow inbalance.

And to think, someone posted a few months ago, that i only contribute to the pro sunshine camp.
See i can debate both sides.

What sp represents a 3m mc shell ? 2.4c
From 10.3 m FP, to +103m + 20.3m ops FD.

If it turns shell again, thats a long way to fall. And given all that scrip is currently in the money, why wouldnt CR participants take the profit as soon as that 10-1 + 2-1 hits their accounts ?

A pump like this, smells to me of a tactic to get CR participants to rush their coin in. (closing date 2 April ?)

Hail the size of golf balls. It aint gonna just rain, its gonna hurt. IMO if you want to pay many bags on market over the going CR price.

I always look at the statistic of a market price reaching the CR level, because the wash is simply there to do so.

Todays top loser perhaps didnt understand that 75c meant a FD valuation potential of 97.5m MC if the CR is fully taken up. Thats what you get when you dont read the fine print on Capital issued, and about to be issued.

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4.622M OSX shares were traded yesterday on the ASX for $2.106M or an average share price of around 45.5 cents. OSX closed at 30 cents so they are carrying an average loss of around 34% already. What on earth possesses people to trade like this all in one day? It is like they have not learned anything from history.

OSX Price at posting: 30.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $4.622M

Open	High	Low	Value	Volume
4.1¢	4.1¢	3.8¢	$20.22K	528.0K

Buyers (Bids)

No.	Vol.	Price($)
2	98594	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	105000	1

View Market Depth

No.	Vol.	Price($)
2	98594	0.038
1	81080	0.037
1	83330	0.036
3	255710	0.035
1	30000	0.034

Price($)	Vol.	No.
0.040	105000	1
0.041	109621	1
0.042	341352	3
0.043	34483	1
0.044	409090	1

Last trade - 15.45pm 20/09/2024 (20 minute delay)

OSX (ASX) Chart

4.622M OSX shares were traded yesterday on the ASX for $2.106M...

Firetail executive changes set to propel development in Canada and Peru

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Buyers (Bids)

Sellers (Offers)

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4.622M OSX shares were traded yesterday on the ASX for $2.106M...

Top Stories

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Harvey Norman hit with a second class action – and shareholders, once again, don't care

Tennant Minerals clocks high-grade gold, copper hits at Bluebird in the NT

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Buyers (Bids)

Sellers (Offers)

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