@rmrm06
if you dont already a good addition to your process is checking for a company's cash on hand.
if you want to know if they had a recent cap raise you can refer to section 3.1
https://www.asx.com.au/asxpdf/20200731/pdf/44l16gcbcltp14.pdf
they had around 1M Thats a bit low so there was a chance of a cap raising.
This information might have useful in your decision making process. Whether to do go in hard or wait a bit.
they did estimate that 1m would have been enough for 4 quarters? But still one million.
I normally like companies that hold more.
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- Day Trader’s Aftermarket Lounge 7 Sep 2020
Day Trader’s Aftermarket Lounge 7 Sep 2020, page-54
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