yeah it's at an interesting junction, all the positivity back in May has well and truly evaporated. Back then I personally thought the turn around would of been underway and we would be sitting in the mid $2's by end of this year. Not shooting the lights out but slowly turning the sinking ship around. Anyway it is what it is, thankfully pretty much sold out completely after that August update.
Key appointments all leaving after a few months was a bit of a red flag to me. Who is left of the team the new CEO assembled? Also on a side note, where is the new website that was flagged to be completed by now?
i think the best outcome for shareholders would be as flagged in the cap raise doc "This may include partnering, a strategic investment by a third party". Not sure how many people would be happy with a complete takeover, and what would the price be? Low 1's?
Ann: Trading update and fully underwritten A$30m equity raising, page-57
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Last
46.5¢ |
Change
-0.010(2.11%) |
Mkt cap ! $103.6M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 47.5¢ | 46.5¢ | $467.5K | 997.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 282250 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 5000 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |