CSS 2.44% 20.0¢ clean seas seafood limited

Ann: Suspension from Official Quotation, page-10

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,347 Posts.
    lightbulb Created with Sketch. 208
    In the resources sector, there is sometimes some farming going on. That is, farming of shareholders for never ending sums of cash to prop up a non viable business.

    I did not participate in the last cash raising and will not in this one. The company has painted a rosy picture of the future which has resulted in a high share price at the moment. However, the long term viability of the business is marginal as they produce the "next best fish" following the failure of their Southern Blue Fin Tuna farming, the original reason for creating the company.

    As I expected, the share price is dropping to match the capital raising almost straight away. I got too greedy and didn't get out at 7.5 cents when I should have. Now I have a diluted holding and I expect it will take ages to reach that level again.

    I hope I am wrong and would be pleased to eat some humble pie.
 
watchlist Created with Sketch. Add CSS (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
-0.005(2.44%)
Mkt cap ! $40.26M
Open High Low Value Volume
20.5¢ 20.5¢ 20.0¢ $8.04K 40.2K

Buyers (Bids)

No. Vol. Price($)
6 142438 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 99675 1
View Market Depth
Last trade - 15.47pm 07/11/2024 (20 minute delay) ?
CSS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.