Dan I agree that in the current environment companies like Reed are next to useless. No real income and their prospects heavily dependent on capital investment being raised.
One bright spot in this is the SuperTax has a component that will make capital investment easier to raise given the writoffs available. Reed next $600m to get the Vanadium project underway. After this current sticky spot is behind us, then the potential might well be realised. Not worth investing now but let it fall into the 20's then a few grand might provide decent returns one day. Many other stock in the same boat I feel.
dud stock, page-2
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Last
12.0¢ |
Change
0.015(14.3%) |
Mkt cap ! $82.78M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 12.0¢ | 10.0¢ | $189.6K | 1.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 52090 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 375122 | 8 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| NMT (ASX) Chart |