I know the management team at this company and believe they are competent. They have priced the issue at a very attractive price so that existing shareholders won’t want to miss out and prospective shareholders recognize the potential upside and want in. It won’t surprise me if a cornerstone investor tries to get in with a big piece at these prices.
I have calculated the market cap pre raising to be less than $1.5m and post raising to be close to $17m.
Post raising the company will have $8m in cash and $20m in tangible assets
At 0.2cents the price is less than NTA
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I know the management team at this company and believe they are...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.76M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $17.32K | 2.317M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 976459 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 4503400 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 976459 | 0.007 |
4 | 4750000 | 0.006 |
11 | 5926020 | 0.005 |
13 | 12356448 | 0.004 |
3 | 7100000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 4503400 | 7 |
0.009 | 5576971 | 5 |
0.010 | 3799995 | 5 |
0.011 | 4156626 | 2 |
0.013 | 4000000 | 3 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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DTR (ASX) Chart |