Bobtail, there is nothing positive, but in time, the $40mil - $48mil EBIT forecast for FY19 (if achieved) should deliver a SP in the very low $2.00s.
So those that are trapped need to work out whether to take a possible $1.30 SP upon resumption, or participate in the CR and then look to exit at say greater than $1.80+ in say 6-9 months time.
If we are really lucky it could resume at $1.80, then it would be a no contest, I would be dumping.
Look back in history of RCR and others, when they get smashed, they eventually recover, old blood bleeds out, new blood enters. RCR in Nov 2015 $2.40 before getting smacked down to $1.10s, bottoming in Feb 2016, then $4.40 in Oct 2017.
Not saying $4.00 is going to happen, just think $2.00 is achievable "if they deliver" whether you believe management or not, for current holders it is about damage control. Take the 50%+ hit, or wait for the dust to settle and take a 20% hit in a sometime in the first half of next year. Also predators would certainly be interested in this company on this cheap.
Also would not be surprised to see a new contract suddenly be announced, as this lot attempt to rebuild their shambled credibility.
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Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $7.899M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.6¢ | $3.772K | 145.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 800000 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 150000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 800000 | 0.025 |
6 | 677166 | 0.024 |
5 | 532685 | 0.023 |
2 | 245318 | 0.022 |
6 | 362500 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 150000 | 3 |
0.027 | 505000 | 4 |
0.028 | 517142 | 2 |
0.029 | 265017 | 2 |
0.030 | 266145 | 2 |
Last trade - 10.09am 04/09/2024 (20 minute delay) ? |
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