There is a lot of debt here. Probably more than tangible assets and there is an issue amongst shareholders about this issue.
Cost of debt is pretty high - its all privately funded and interestingly mainly through scrip - which is being accumulated .
The plan as you already know is growth through acquisition.
And is areally a takeover play - growing large enough to be a pain in someone's butt -
2.5 c is a cheap buy - it will make the distance - no dramas there at all . And in time the positive cash flow will pay down the debt relatively quickly.
But the long play here is taking over target .
Sit tight put a few LAZY bucks here forget about it and you get your new car out of this.
If you're looking at skin in the game - management are in balls deep on paid registry so its about time here that's all .
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- Ann: Quarterly Activities Report and Appendix 4C
There is a lot of debt here. Probably more than tangible assets...
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Last
57.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $172.0M |
Open | High | Low | Value | Volume |
57.0¢ | 58.0¢ | 57.0¢ | $79.22K | 138.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 30000 | 56.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.0¢ | 37605 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.560 |
3 | 27300 | 0.550 |
1 | 10000 | 0.505 |
1 | 7000 | 0.500 |
1 | 2000 | 0.495 |
Price($) | Vol. | No. |
---|---|---|
0.580 | 37605 | 1 |
0.590 | 50000 | 1 |
0.595 | 30299 | 1 |
0.620 | 126500 | 2 |
0.640 | 45158 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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