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?
With today's appointments of new staff and companies will come...
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Last
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Change
0.001(12.5%) |
Mkt cap ! $7.172M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $3.019K | 697.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 10523624 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 604582 | 3 |
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| Last trade - 10.59am 03/05/2024 (20 minute delay) ? |
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Change
0.001 ( 25.0 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 2550000 | ||
| Last updated 10.55am 03/05/2024 ? | |||||
| IBG (ASX) Chart |