I think this is still true, from back when it was over $1.20: https://hotcopper.com.au/posts/61884193/single. A company like this is always going to be money-hungry and require lots of telegraphed capital raises. Granted that yes, in the dip into the 30's last October, it represented a great trading opportunity, but ultimately I do wonder: with such a high-risk play, what is the real benefit of getting in too early and having to hold through all the inevitable raises? (to be fair my approach from early 2021 was 'set and forget' but I eventually decided this was not a good idea).
Anyone wish to change my mind? Open to it.
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Open | High | Low | Value | Volume |
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---|---|---|
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2 | 30566 | 0.865 |
3 | 50217 | 0.860 |
1 | 2000 | 0.855 |
10 | 52084 | 0.850 |
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