yes it got to 10cents
management then performed a cap raising at 8cents. It was over subscribed and extremely successful.
mgmt then decided to buy CRE. The market didn't like this purchase as they over paid and it led to increases in prod costs. SP 5-6cents
SP continued on its downward spiral over the next 6 or so months however it was looking as though it was taking a turn for the good ~4.5 - 5cents range with good volumes.
Mgmt then announced the Shandong deal. HUGE sell off. SP hit new lows for the year and the past 20 odd months of 3cents.
hope that helps and maybe you can get a grip on why 8-10 cents may be a bit of a pipe dream.
sp price, page-7
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.28M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.5¢ | $293 | 1.778K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29242 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 63500 | 2 |
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| Last trade - 10.36am 19/11/2024 (20 minute delay) ? |
| FML (ASX) Chart |