I think they would be foolish to say nothing, even if results are underwhelming.
Lets, for argument's sake, say there are a few more technical issues. If they come out and explain things, with a clear path forward, they will be able to raise the additional capital they need at around 10 cents.
If, however, they say nothing between now and October I think you'll see the share price drop below 9 cents, which means even more dilution down the road (for a certain amount of $millions raised).
Of course, there's no reason yet to assume the worst, but keeping the market informed and anchoring expectations is critical to maintain a stable share price (and financing capacity going forward).
- Forums
- ASX - By Stock
- Operations update
I think they would be foolish to say nothing, even if results...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
Add STX (ASX) to my watchlist
|
|||||
Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $572.1M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $1.096M | 5.415M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 2599619 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 451618 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 2442221 | 0.200 |
25 | 1784834 | 0.195 |
61 | 2705532 | 0.190 |
19 | 1309998 | 0.185 |
28 | 1437403 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 375410 | 2 |
0.210 | 428036 | 8 |
0.215 | 1252681 | 18 |
0.220 | 992340 | 16 |
0.225 | 979575 | 10 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |