What of the $2M "strategic" placement at (what was it?) 32 cents with the Chinese outfit AutoBio?
Last time I checked Chinese were generally pretty canny investors. Why would they agree to hand over $2M for X shares @ 33c a pop 2H last year if they didn't think it worth it? Would they have had any inkling I wonder that they could buy on market for 19.5c?
I've read BB say the market cap should more "naturally" be around a level that would mathematically suggest an SP, with 140M shares on issue, of 26c.
So why are we at 19.5c and struggling to get over 21c?
What am I missing?
Ann: Quarterly Activities & Cash Flow Report (Appendix 4C), page-7
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Last
1.6¢ |
Change
-0.001(3.03%) |
Mkt cap ! $25.08M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $24.18K | 1.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1728515 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 315000 | 3 |
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| Last trade - 10.33am 16/08/2024 (20 minute delay) ? |
| LBT (ASX) Chart |