My entire point is that STX will be needing extra financing due to expensive operating costs and since there is an undrawn debt facility HOW LONG will $46M last them? According to the numbers they spend $28M a quarter so once again, things point towards a trickly 6 to 12 months and once again I ALLUDE to some more financing
I never like debt facilities, convertible notes etc as they are a poor form of capital structure and generally is dilutive. Once again, I am no Investor so F/A is probably NOT my strongest skillset although I am good at what I NEED to find out
The day is FAR from over but as suspected the bids are being hit...Candle is showing a DOJI which is a reversal signal depending on where it is located and with 31c "sup[port" being sold into, wont be hard for them to milk out supply and flashcrash back to 28c to revisit lows. If they break it like I said Cap Raise likely at some price and probably a breakdown as low as 14c downside is on the books as there is nothing indicating otherwise
As mentioned yesterday, I do NOT want to get in the way of this $1 BILLION DOLLAR TRAIN thats steam rolling bids and longs so thats one whale seller
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $659.0M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 22.5¢ | $546.9K | 2.395M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 712707 | 22.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 4111812 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 712707 | 0.225 |
18 | 828907 | 0.220 |
9 | 868657 | 0.215 |
22 | 1447617 | 0.210 |
29 | 1101334 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 4111812 | 24 |
0.235 | 1345097 | 17 |
0.240 | 1333268 | 16 |
0.245 | 823751 | 19 |
0.250 | 2073567 | 26 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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STX (ASX) Chart |