"I am taking a range and that range until 1.5 weeks ago had the market cap over 1 billion. In other words the company has been at least worth a billion for 6 years. The point I'm trying to make is its value has been built and sustained over 6 years."
@Kakala,
Unfortunately, that's completely flawed thinking.
Reason being is the the Issued Share Capital of the company over that 6 year period has gone up by almost $800m due to the issuance of new shares and the conversion of options into new shares.
So almost 80% of your market value reference point is due to the raising of new capital, and not to the preservation of existing capital, which is your claim.
Even a knucklehead like me would be able to keep market capitalisation levels elevated if capital markets were at my disposal and I was able to continually tap into them.
The problem arises when those capital markets become less receptive to being milked.
Which could be what we are seeing at the moment....
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Last
99.0¢ |
Change
0.010(1.02%) |
Mkt cap ! $1.130B |
Open | High | Low | Value | Volume |
99.5¢ | $1.02 | 98.5¢ | $5.507M | 5.501M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9996 | 99.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
99.5¢ | 18069 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9996 | 0.990 |
2 | 32880 | 0.985 |
4 | 71034 | 0.980 |
2 | 3059 | 0.975 |
7 | 145890 | 0.970 |
Price($) | Vol. | No. |
---|---|---|
0.995 | 1132 | 1 |
1.000 | 9500 | 3 |
1.005 | 35000 | 1 |
1.010 | 58113 | 4 |
1.015 | 46100 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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