Let's put aside that maybe they will have a decent jorc .
How about right here right now there is an AGM looming and a rights issue 1 for 2, the AGM doc is out there for all to see so please do yourself a favour and have a good read of it. Dry reading maybe but some serious issues, 1) There is a group of note holders with a conversion price of 0.095 that have been getting paid 12% capitalised interest PA. Now the company want to drop there conversation price to 0.015. Do your own sums as to the discount theses guys are receiving and how much capitalised interest has been accumulated. It's mind blowing and it's all there for you to read.
2) The 1 for 2 rights issue will obviously dilute the stock yet again, plus the above who will convert the loans to shares at 0.015 (and not 0.095 as per their contracts).
So can it get back to 15c well if it does after the above I would guess that would be similar to being at least 0.35 now.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.36M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $1.271K | 254.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4786740 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 6954544 | 6 |
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| Last trade - 10.42am 15/07/2025 (20 minute delay) ? |
| FHS (ASX) Chart |