Why does everyone think/assume that there will be support (or a floor) at $10? Surely $7.20 would be more logical at this stage. And if there is further dilution, perhaps even lower.
We are seeing the start of a larger wave in Vic, and this is symptomatic of what will continue to happen globally for the next 12-18 months. Realistically, no vaccine will be commercially available for at least 12 months, and it may be sometime after than before the masses can gain access.
FLT will need to last 18+ months on minimal income. This will take more cash than they currently have (IMO). Cap raising is the only way. On that basis, I see a floor circa $4-$5 being more realistic.
IMHO.
Flight centre 10 dollar party, page-63
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