Mmason i believe that this is an attractive stock for the long term and I am still a holder however that doesnt mean that I am biased and only see one side of the story.
The facts are the company is running low on money, maybe they have got something up there sleave who knows but the fact is they are going to have to generate cash soon and this means diluting the company by issuing shares or jv. Fact of the matter barely anyone wants to buy this stock at just above the IPO price over 3 years later, so the chances of another capital raising above $0.40c are quite slim unless the company can find some good news and improve the company profile.
That said I know management probably doesnt care about the share price in the short term thats fine, it doesnt mean I cant point out the ovious.
Mmason i believe that this is an attractive stock for the long...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.164M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 13528750 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1700001 | 3 |
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| Last trade - 16.12pm 26/07/2024 (20 minute delay) ? |
| RDS (ASX) Chart |
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