From calculating point: yes.
But the question is how the market values that.
You know there are many companies listed where the MC is lower than the cash amount in the bank.
Sometimes market is strange. No, often market is strange with massive overreaction in both directions.
Therefore I wrote that some days ago:
https://hotcopper.com.au/threads/hrz-jackpot.4222198/page-8?post_id=33439261#.WxaN92dlK9I
Its a waste of time to try to figure any SP out based on good news or bad news. It comes as it comes....
And it will come as nobody expected it.....
From calculating point: yes. But the question is how the market...
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0.2¢ |
Change
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Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $6.857K | 3.073M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 289 | 346631721 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 573714669 | 217 |
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| 88E (ASX) Chart |