Admire the optimism here.
Will be interesting to see the mechanics of this deal.
One thing I lack confidence in a positive outcome is the CR will be large, with a bucket load of shares on offer, and at a discount price. Probably 2c-2.3c. Given there has been little WAP in recent months.
Then the inevitable dilution. 198m shares on issue at present Market Cap $5.5m.
Was at a Market Cap of $59m a few years ago.
So they will increase there Market cap on aquisition. Need to grow sales. Pretty simple. If this deal is a good one then who knows.
FIJ is not flushed with $ to make acquisitions with cash they dont have.
Fin year results in, $5m loss and growing. Accumulated losses $20m!
Revenue $2m
Just being a realist, been watching small caps for years.
SP been sitting at 2.7c to 3c since July
Rinse & Repeat process of CR's to stay liquid. Nature of the game
- Forums
- ASX - By Stock
- Ann: Trading Halt
Admire the optimism here.Will be interesting to see the...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CCO (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.61M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $38.73K | 4.835M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 10467796 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 17807641 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 10467796 | 0.008 |
21 | 7798141 | 0.007 |
16 | 3543683 | 0.006 |
6 | 5751110 | 0.005 |
6 | 11511969 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 17807641 | 19 |
0.010 | 16743840 | 12 |
0.011 | 6782818 | 5 |
0.012 | 605000 | 4 |
0.013 | 580091 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
CCO (ASX) Chart |