You just acknowledged what I inferred, which is a disturbing fact of this trade, and that we need to hopefully not have to face. .
The large amounts of shares on offer already too , when more needs to be added, is definitely a company killer.
It is definitely a present danger and I too can't see any way out ,if the BFS is not forthcoming and the SP rise fails to materialise.
The shares are at a theoretical fair value around 3 1/2, if not a little optimistic, and with the Ukraine/China acceleration of hostilities, things look somewhat bleak.
Hopefully though, this will kick management into gear, long before the situation becomes dire.
They might not appreciate a 10" chrome Vanadium ring spanner , shoved somewhere decidedly uncomfortable.
WTF BFS?, page-9
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $108.3K | 7.720M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 6528410 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 13544253 | 29 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| AVL (ASX) Chart |