In hindsight it's fairly easy to see. I was hoping they'd surprise and become profitable sooner, but I guess that would have required forgoing growth opportunities and probably wouldn't have been desirable in the longer term.
Not sure why everyone is ripping into management for this one thing though. It says entitlement offer on the announcement, meaning that existing shareholders should be able to participate, in addition to institutional investors. They've delivered strong growth in the USA and navigated us through the LCD situation to the best possible outcome. Only a month and a bit ago they would have been raising at 11c instead, now the price is 28c. That's not due to luck... I'd say wait to see what happens, I'm sure they have a good reason for this and that it'll benefit investors in the longer run. A little bit of dilution doesn't matter when you're looking at returns well above 10x if things go to plan
In hindsight it's fairly easy to see. I was hoping...
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $33.21M | |||
| Open | High | Low | Value | Volume |
| 14.8¢ | 15.0¢ | 14.5¢ | $34.06K | 232.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 329492 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 244742 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| EYE (ASX) Chart |