If management are going to stick to their expansion plans, then this company is due for a sizable capital raising soon. Management would love to do a SPP at 25c, but they need to keep the SP above 30c for this to be a realistic possibility. The big buy order at 25c looks obviously fake – planted to give confidence to the gullible and hold up a shakey looking sp.
If the sp falls in the near future, the capital raising could be priced as low as 17c a share.
I'd approach this stock with caution until after the next
capital raising.
downside risk
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $3.632M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.6¢ | 0.4¢ | $43.75K | 8.798M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3441651 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 4585973 | 7 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| DDT (ASX) Chart |
