I'm guessing that they may surprise on the upside.
Ariadne wouldnt have converted their loan to equity unless they were confident of strong future profits and thus a strong share price . Mind you their equity was priced at about 35% of the current levels . Its a thinly traded stock ....so hard to cash out a big line .
A couple of years of solid results ....may well be a different story .
Cheers
VA
I'm guessing that they may surprise on the upside. Ariadne...
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Last
5.6¢ |
Change
-0.002(3.45%) |
Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.5¢ | $178.0K | 3.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 260909 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 799916 | 1 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |
