Agreed.....today's not the day to sell when it's just capitulation selling...often these bad news days turn out not so bad tomorrow...and here's hoping for a slight recovery in the SP next week (or at least a stabilisation)...my portfolio is trucking along OK and I can wait...
..but I'm very concerned with their cash burn rate and that they probably will need another CR sometime in the next 12 months. The market only has so much patience with repeated CR's - and more bad news could become unbearable.
Their April 30 report shows they have burnt almost $3m in past 9 months - and they only have $2.7m left.....so they'd better find something soon before the bank balance is zero.
Agreed.....today's not the day to sell when it's just...
-
- There are more pages in this discussion • 11 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 RDM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.5¢ |
Change
-0.010(6.45%) |
Mkt cap ! $43.45M | |||
| Open | High | Low | Value | Volume |
| 15.8¢ | 16.0¢ | 14.5¢ | $117.0K | 773.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32489 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 13449 | 2 |
View Market Depth
| Last trade - 15.15pm 25/07/2024 (20 minute delay) ? |
| RDM (ASX) Chart |