Dear Lopez... consider this:
So far their increase in revenue in other markets looks very good.
So far their strategy for India looks good
As far as I know they haven't released any estimations for revenue from India, but think it is a good market to open up for several reasons.
You seem concerned with the amount of cash in the bank and possible future capital raising.
They don't have very high costs, so I think a low bank balance should be fine.
If they do need a few extra million: with a market cap of over $1.3 billion, growing prospects and many keen investors, they have several options and should be able to do this with little or no dilution.
Theoretically, if they wanted to capital raise, now wouldn't be a bad time. You could raise an extra $40m with about 3% dilution. So then the share price might fall 6c, but there would be an extra $40 in the bank. Would that make you happier to invest?
I don't share your concerns.
Dear Lopez... consider this:So far their increase in revenue in...
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$2.45 |
Change
0.010(0.41%) |
Mkt cap ! $1.691B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.51 | $2.43 | $5.243M | 2.122M |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35541 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 2681 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PNV (ASX) Chart |