Most of their cash reserves came from capital raise(s).Its not really a successful business model in the long run as shareholders eventually get Jack of this type of money grabbing..Now if their cash reserves was from profits, then u would have valid point, but this is not the case.
Under $0.15, page-151
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.007(7.14%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 10.5¢ | 9.7¢ | $997.5K | 9.870M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 2995483 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2381663 | 23 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |