The company is still in a formative period. As such, we have to expect announcements like this and a reminder perhaps, to keep one's exposure conservative. 8CO was quick to put this response out (the minister's announcement was 28/11/23).
8CO don't seem too bothered about it as you say - they haven't marked it as 'material'.
I guess, if their tech continues to fit the purpose, is liked and considered value, they'll likely keep/expand their government work.
Uncertainty can create opportunity. I've increased my position - but mine is negligible, 0.36 % of PF (cost price).
Ann: Response to GovERP Media Release, page-3
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3.3¢ |
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Mkt cap ! $7.395M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.3¢ | 3.1¢ | $9.529K | 294.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 77815 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 33202 | 1 |
View Market Depth
| Last trade - 12.34pm 05/06/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.3¢ | 3.1¢ | 54776 | ||
| Last updated 13.31pm 05/06/2024 ? | |||||
| 8CO (ASX) Chart |