That last sentence is what will occur when the instos can finally justify investing into a company that goes cash flow positive, officially with the HALF-YEAR result in Feb.
Then the media will pick up on this too after the HY report and you can expect more positive articles being pumped out. More positive press = more buyers, and fundies being able to justify their purchases. If they invest now before going CFP and the price tanks, they will have to explain to their investors/bosses why they invested in a company with negative cash flow and hasn't proven itself yet. Not worth losing your job over.
First we need to OFFICALLY clear the HY CFP party in Feb (for instos and media's benefit), then keep it going all the way to FULL YEAR CFP party 6 months later. Along with 3-6 rate cuts, should have Zip easily in the $1 range, but I'm hoping it gets there this month/Feb after Q2 results
That last sentence is what will occur when the instos can...
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Last
$2.42 |
Change
0.010(0.41%) |
Mkt cap ! $3.159B | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.44 | $2.34 | $24.73M | 10.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 236373 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.43 | 219576 | 25 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |