I suggest you do some research instead of basing on an article. These journalists are pretty much bullsh*t artists.
Clips from the article: 15 times sounds impressive, until people realise 0.2mw is the current capacity of Osborne Park DC and 3mw is the capacity of Bibra Lake DC, which is known to the market since IPO. Bibra Lake can host between 240-400 racks, of which 20 are current occupied. So less than 8% of that 3mw is currently part of the revenue line.
DC2 raised $5m in Nov20 at 20c per share. After a few capital issues from Nov20 to now, the current market cap is $6m though at a lower price of 18c, 36m shares on issue, of which 22m are in escrow. 8.8m shares 1st tranche plus 7.9m shares 2nd tranch at $0.15 equal $2,505,000 of capital. Add that to the current market cap, it is no where near the $11m mark stated in the article.
This company has potential and is in a highly growing industry. However, management needs to consider other stakeholders as well than just turning DC2 into a way of paying management wages.You can only tap the market so many times.
Anyway, let's wait for the official annoucement because the info from the article is pretty uncomprehensive.
DC2 Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
