Great post, I have been holding for over 3 years myself! This...

  1. 464 Posts.
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    Great post, I have been holding for over 3 years myself! This increase and on massive volume could be what begins our upwards trend. This news will filter through tonight and investors can do their due diligence on the company. I imagine traders had an absolute field day when they found that a 20M market cap company has signed a 5.6M deal with the US department of defence.

    When the dust has settled you can expect a bit of FOMO from investors sitting on the sidelines.

    Debt is a concern, however the company has managed it pretty well considering. When the company’s value is well north of what it is now, I would expect a capital raise to pay down the debt (unless we have a substantial cash inflow)

    There are also options from the last placement (exercisable at $0.05) which will give the company another $1.7M to work with. Once the share price is steadily above that I expect a number of major shareholders to convert.

    I’m curious of people’s opinions, do you think this company is a potential take over target? Seems ripe for the taking if you ask me!
 
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(20min delay)
Last
2.9¢
Change
0.001(3.57%)
Mkt cap ! $21.56M
Open High Low Value Volume
2.8¢ 3.1¢ 2.6¢ $30.77K 1.090M

Buyers (Bids)

No. Vol. Price($)
1 113495 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 10046 1
View Market Depth
Last trade - 16.10pm 29/07/2025 (20 minute delay) ?
XRG (ASX) Chart
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