just think, what is a bet.
Its a risk with a percent to success, and a reward. (the ASX casino)
Have both of those been presented clearly? and to a wider investment base.
I keep banging the table, that there is no speculative buying priced in, for if it was a slam dunk.
There is 4 x jewels x $A20-30m waiting to be collected.
And the speculative bet on it coming good ? is priced at 9m. (MC)
Thats a long shot if you looked at the tab odds. But as per the Tab, if the there are no bets, then its paying 10-1
But then the bookies start taking bets, and the tab pool adjusts. etc
If they were to pay out $A90m in divs at the end of 4 x operator blocks monetised ? thats 10-1
Is it a sure thing ? Well what about if it runs second or third ? how is 50m in div for a place bet? thats 5-1
My point is, that the wider speculative betting market, does not price in any success. Because we are lucky to be priced for what our cash flows are into our 4c. The 9m actually represents STACK cash flow. Zilch for the BIG money imo.
Hence, the road map, will get analysis under way, if it can be achieved. And by giving a special div on Jewel success, it means that its not too far away. And creates some decisive action for anyone who does actually see it.
Broker presentation required, with all the above road map.
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.04M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $58.78K | 4.550M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 15451109 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 19937661 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 15451109 | 0.012 |
46 | 39539557 | 0.011 |
16 | 8691919 | 0.010 |
12 | 6040014 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 19937661 | 28 |
0.014 | 25916905 | 20 |
0.015 | 9215278 | 19 |
0.016 | 3439193 | 12 |
0.017 | 12126445 | 9 |
Last trade - 14.27pm 16/07/2024 (20 minute delay) ? |
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