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10/12/18
18:34
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Originally posted by jasetigerfan
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Hope you break even. I tend to find every dog has it's day on the ASX casino, and this one is yet to have it so all the best.
Key will be how low it is when it does. 005 to 01 would be no consolation to long termers.
Really needs to find its bottom.
We all have to be prepared for more downside, in the general market as well which won't help.
Cash has been their problem, and they haven't managed the CR's very well, so that's my main concern.
More dilution around the 1 cent mark would just about be curtains for any upside, as MC wouldn't want to be any higher.
In relation to skin in the game, my only interest, is did they put their hand in their pocket, and pay for their shares.
Too many spec companies are getting performance shares when the companies are not performing at all.
Seems many Directors have many shares in their companies, but would love to know how much they've actually paid for them.
Any way just my opinion hope it works out.
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If you listen to the management of this company, they will tell you that they have hit every target that was outlined in the IPO. At the end of the day, anyone could have hit those targets when spending like a man with no arms