The big elephant in the room is whether they are about to do a capital raising. All signs indicate that they are and it will have to be at a discount.
I'm personally looking for an entry but can't just buy in on a good update announcement when there's a CR potentially imminent at 2 cents.
Bell Potter now with net sell volume looks really bad IMO. Could hit 2 cents in the next few weeks unless they update on their financial position and need for a CR.
Broker Data, page-342
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.82M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $55.61K | 505.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 106133 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 54540 | 1 |
View Market Depth
| Last trade - 13.46pm 29/07/2024 (20 minute delay) ? |
| LPE (ASX) Chart |