I am as bewildered as most for the company to call a Trading Halt when you look back at other announcements over the last 6 Months that warranted. Trading Halts and none were ever announced
Question now is what is going to be fair value?
Given the company is already Cash flow positive i do expect a big re-rate from a $50M Market Cap.
Devil will be in the detail but if this contract announced could potentailly make the company in the vicinity of $5-$10M then one would expect we could see $200M Market cap +
Not getting my hopes up but excited none the less. Surely they must have known something was in the winds before the rights issue so why did they do it.
Anyway like they say you need to risk it to get the biscuit. Another positive Tick anyway
Cheers
Ann: Trading Halt, page-58
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Last
70.0¢ |
Change
-0.035(4.76%) |
Mkt cap ! $58.28M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 73.5¢ | 70.0¢ | $53.41K | 75.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 59 | 1 |
View Market Depth
| Last trade - 15.35pm 17/09/2024 (20 minute delay) ? |
| JAT (ASX) Chart |