It WOULD be nice to see a re-rating but I've always said that this stock is one for the patient. Nice to see, though, that buyers outnumber sellers at the moment and there is some good support at 2.0c.
FWIW I would make two observations:
(1) I still see some form of cap raise / placement / borrowing coming quite soon and it will be interesting to see in what form that takes
(2) On the assumption that they continue to grow the client base at 9GwH or thereabouts per month, my model shows an SP of 8c in 2 years time or 16c in 4 years time.
Ann: Appendix 4C - quarterly, page-9
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.42M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $1.879K | 12.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38359 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 10587 | 1 |
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| Last trade - 15.08pm 29/11/2024 (20 minute delay) ? |
| LPE (ASX) Chart |
