You could say the same about any stock that's been beaten down to a fraction of its previous SP and teetering on the edge of administration.
Of course each case is different and influenced by variables including (a) chance of insolvency (b) prospects of survival (c) prospects and potential extent of any subsequent recovery
You mention a 50c shareprice a few years from now as a plausible outcome. As a thought experiment, what conditions and events need to transpire from this point for us to see this happen? Are these events plausible?
You could say the same about any stock that's been beaten down...
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Last
$10.16 |
Change
-0.040(0.39%) |
Mkt cap ! $3.038B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.24 | $9.96 | $17.95M | 1.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5383 | $10.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 1000 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |