I think you mucked up the Market Cap of CEL.
I believe CEL has a bit over 400 million shares.
At one cent per share that amounts to a bit over $4 million MC.
The company has no money and some debt.
But they are juggling their money and heck if they get there lease approved they will have an asset worth maybe $50 million,
If they last the distance we are looking at a 12 bagger, at the low end of valuation.
SA is not a good jurisdiction to do financial stuff or live. But the margin is there and the wait has been very very very ery ry y long.
Saltbus
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Last
5.5¢ |
Change
0.003(5.77%) |
Mkt cap ! $71.59M |
Open | High | Low | Value | Volume |
5.4¢ | 5.7¢ | 5.4¢ | $74.02K | 1.359M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 235230 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 8288 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 229800 | 0.045 |
1 | 302682 | 0.044 |
2 | 61000 | 0.043 |
3 | 19000 | 0.042 |
2 | 94390 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 299986 | 1 |
0.050 | 22636 | 1 |
0.056 | 250000 | 1 |
0.057 | 220000 | 2 |
0.058 | 247000 | 2 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
CEL (ASX) Chart |