ok, this came fairly quick. My take on this
1. Downgrade- unexpected, as they downgraded recently. Perhaps they didn't consider revenue reduction properly when they did. Or they expected some sort of smaller contract- that didn't happen. Wait and see how deep is the cut.
2. Cash- they said company will invoice beginning of September (with renewed contract) and 50/50 that they will get paid in September. if not most probably in October. Since then, BG went to UAE - perhaps to fix. I assume, cash received news will be out.
3. Spacelink - contract with OHB announced/signed. they are investing -$25mil. 9news came out with "exclusive" news - haha) yesterday. Why? Halt the market today - coincidence? i don't think so. what is likelihood that EOS will say to market that they couldn't finalize funding?! They have been working on this 1+ years. Since then few announcements came out pointing to funding announcement being positive. I presume it is and it is about time that they announce funding. They told that once equipment contract is announced, funding will be shortly thereafter.
ok, this came fairly quick. My take on this1. Downgrade-...
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Last
$1.60 |
Change
0.025(1.59%) |
Mkt cap ! $307.7M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.60 | $1.51 | $1.848M | 1.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 58164 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 4492 | 5 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$1.58 |
Change
0.025 ( 0.67 %) |
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| Open | High | Low | Volume | ||
| $1.57 | $1.59 | $1.51 | 173066 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| EOS (ASX) Chart |