You werent wrong about Eddie King:
Must be nice to pick up a few million from attending an hour or so meeting for each company every few months. ASX full of guys like this unfortunately.
Despite this, the company still basically at cash backing right now. With the average quarterly burn being around 450k, and cash last quarterly at 4.8 mill. This quarterly likely to be around the 4.4 million dollar range, company at 0.005 cent is 6.2 mill, when the market cap average for this last year has been around the 11 mill mark.
I actually think its worth a punt, as anything this company announces slightly positive could easily see this back to 0.008-0.01 c
You werent wrong about Eddie King: [ATTACH] Must be nice to pick...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $4.967M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $39.33K | 9.812M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 24081926 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 5999345 | 4 |
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| EFE (ASX) Chart |