Regarding the $100m in the bank, as of Dec 23..
Given what they have been selling off the piles, and the operational cost reductions, they might indeed have more next time they report...
They have been doing what most businesses do, namely lumping the bad news (and potential bad news they can predict) all together - so on the flip side they can lump all the good news together. This makes the SP yoyo, which is good for options and savvy traders. Seen it many a time across many businesses.
As always DYOR.
Regarding the $100m in the bank, as of Dec 23..Given what they...
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |