Hi Ash - OBJ can probably afford to wait another 2 years if they wanted to given current available cash and no debt.
But let's humour you for a moment and suggest that if OBJ waited another 6 months months until the share-price was at multiples to where it is now; then your current 12 month high around 8 cents looks anaemic.
It's a juggling game for any Company Executives trying to get Institutions and Fund Managers to try to stabilise the register as they transition from R&D to Commercialised Entity. Although most would agree that these Institutions and Fund Managers have had plenty of time in the last 10 years to make an entrance, we all know they are restricted until OBJ reaches a certain level in their evolutionary metamorphosis. Although OBJ needs to act in the best interests of their Shareholders (which includes themselves), it would be foolish to believe after raising funds only a few months ago; that OBJ's current Roadshow intention is to raise further funds so soon. Institutions and Fund Managers will simply need to purchase shares on Market. And you will need to prepare yourself for the possibility that OBJ may never need to raise funds again .
- Forums
- ASX - By Stock
- WFL
- somebody queue jumping to buy shares
somebody queue jumping to buy shares, page-47
-
- There are more pages in this discussion • 166 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
Add WFL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.478M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
WFL (ASX) Chart |
Day chart unavailable