I too believe that DNK will go a lot higher than the 84.5c it is right now . All broker analyst reports rate it well above $1
In terms of E25....at just $1 with 9.5M shares that is obviously = about $9.5M
Now that is good money in anyones language...and even if it goes to $1.20 we are talkng about another 2 million dollars.
Perhaps the most imprtant thing to keep in mind is that E25 have shown a very strong resistance to capital raising which is wjhy there are still only a tiny 83M E25 shares on issue. The float was 70M and they have only done a CP once of 13M shares.
Therefore, I think all of this talk of a CR coming is incorrect. Sure if a cornerstone investor comes along like a JP Morgan etc they may take a chunk of money, but in my opinion it is more likely that they will sell off a chunk of DNk to raise the capital for the PFS and then maybe some moer for the DFS.
Lets face i,t they could sell a million DNK shares to fund each of the PFS and DFS and stll have about 7.5M shares left.
Despite some tough years over moer than a decade, to their credit managagement have held stong and not diluted the company much at all, and i expect that to continue especially whilst we aer in a stronger position than before.
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I too believe that DNK will go a lot higher than the 84.5c it is...
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $43.98M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $13.12K | 64.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 485354 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 13766 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 485354 | 0.200 |
1 | 50000 | 0.195 |
4 | 22828 | 0.190 |
1 | 2709 | 0.185 |
5 | 460000 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 13766 | 2 |
0.215 | 7400 | 2 |
0.225 | 24999 | 1 |
0.230 | 35000 | 1 |
0.235 | 5326 | 3 |
Last trade - 15.56pm 12/07/2024 (20 minute delay) ? |
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E25 (ASX) Chart |