I think it's probably trading cum raise (as in people expecting a raise). I know still has almost $3m in bank and their expected cash outflows for the qtr are only $1.5M but this is a level were market starts pricing in a CR, whether correctly or incorrectly.
Add the fact that we are in a very soft speculative end market, and well the SP performance is probably not all that surprising.
Personally, as a holder, I have no issue with a raise (as long as not at a massive discount) as I subscribe to the theory you need to spend money to make money.
Maybe they can get by without doing a raise if they can score a couple more contracts with up front lump sums. That would be nice.
Cdchi1
Potential, page-2
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Last
5.1¢ |
Change
0.003(6.25%) |
Mkt cap ! $35.68M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.1¢ | 5.1¢ | $255 | 5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14000 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 158897 | 4 |
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| Last trade - 11.28am 08/11/2024 (20 minute delay) ? |
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