There is no path to $1bn+ market cap that doesn’t involve the ASX300 and probably at some point the 200 all things going well.
Cant hide under blankets - eventually you have to play with the big boys.
LkE, CXO and SYA all struggled because they each have awful economics on their respective deposits. They were also all valued at stupid multi billion dollar valuations driven by retail punters. Instos proceeded to teach those retail investors some very harsh lessons.
In my view, if Colina is the real deal, then our entrance to the ASX300 won’t be an issue.
Ann: S&P DJI Announces March 2024 Quarterly Rebalance, page-6
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $60.12K | 471.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 558892 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1128136 | 38 |
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| Last trade - 11.48am 12/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |