more than 18 months back when the share price was in the 30s , I said if they want to continue this manufacture plan
then raise 15 to 20 million , even if its a steep discount to the present price
but raise that money and lets ramp production by 2 to 3x
and what did they do ? , wait till the price crashed to 16 cents , announce a cap raise and then eventually have to settle on it at 10 cents
end result , only 7 mill was raised , more debt was taken , and shareholders were diluted and the price crashed
if they had raised earlier at a ridiculous price of even 20 cents the result for shareholders would have been favourable
how would they have known this was going to happen ?, and its easy to look back you say
well a prickle farmer from the bush knew and he has no inside information
and now , do they really have the funds required to make this happen ?
the last quarterly result has dented the reserves , and the future again depends on the next 2 quarters
and you ask why I am so critical of management
- Forums
- ASX - By Stock
- CG1
- the next LYC?
the next LYC?, page-10
Featured News
Add CG1 (ASX) to my watchlist
|
|||||
Last
7.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.39M |
Open | High | Low | Value | Volume |
7.3¢ | 7.3¢ | 7.2¢ | $1.674K | 22.95K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 33944 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 111404 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 33944 | 0.072 |
1 | 100000 | 0.069 |
1 | 14720 | 0.068 |
1 | 110613 | 0.061 |
1 | 100000 | 0.059 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 111404 | 1 |
0.078 | 100000 | 1 |
0.080 | 100000 | 1 |
0.084 | 6790 | 1 |
0.090 | 10000 | 1 |
Last trade - 15.56pm 05/09/2024 (20 minute delay) ? |
Featured News
CG1 (ASX) Chart |