In general a great idea. Concrete 50% stronger and 50% cheaper to make sounds like a winner. The involvement of the state of Georgia as well giving tax breaks and no doubt future business will only benefit this company. But after having a look through there statements in the weekend they have basically no cash at the moment and plans to spend 68mil building a plant that will take years.....
The good news is fully maxed out in this share price and the market cap is close to 300mil......seems to high to me (using 27 cents).....I sold all my shares this morning I just cant see the short term upside anymore...
I will definitely be buying back in at some point but id rather wait until after a capital raising to see how the market digests it.....on a side note in the event of a capital raising how is Tas corp planning on funding there massive quantity of shares as well?
Great story but I wanna see where they get the cash.
Any thoughts?
In general a great idea. Concrete 50% stronger and 50% cheaper...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EDE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.357M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $6.039K | 3.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 124827643 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 6489015 | 6 |
View Market Depth
| Last trade - 15.53pm 21/06/2024 (20 minute delay) ? |
| EDE (ASX) Chart |