With today's appointments of new staff and companies will come accelerated depletion of IBGs working capital. With JDs track record for surprising the market with CR announcements I wonder what the effect of a CR dilution would be if the SP were at its next support level of 4c to which it seems headed on the charts? I think both events are possible within the next 6 months given the recent price action and IBG track record.
With a base of 4c my feeling is a CR may take it to around the 3c mark based on the dilution effect size of the recent CR. A positive financing announcement after that may create a rally in the 6 to 10 c compared to the previous conservative target of 25c from an 8c base?
Life from 4c ?, page-3
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0.3¢ |
Change
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Mkt cap ! $5.077M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $10.85K | 3.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 22484136 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 31055361 | 21 |
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| Last trade - 15.35pm 26/07/2024 (20 minute delay) ? |
| IBG (ASX) Chart |