there are couple things we both agree:
1. the current business is shrinking, due to the overall mining sector retrace badly in the last couple years.
2. However, its still a profitable business, even though the bottom line is less than before
3. They have plenty of cash on hand, but long term liability is less that 25% of it.
4. Plenty of opportunity to diversify, acquisitions, with the current amount of cash
5. why the current SP landed @10 cents, mainly driven by the down trend turnover/sentimental movement, cause the negative market perception.
6. 10 cents/share is way undervalued.
Conclusion: this is perfect opportunity to invest for the coming events, of course, there is always a risk
I will add more once I get my money out the food sector, this share is definitely under valued.
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $88.52M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 503210 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 34000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 437959 | 0.024 |
2 | 550000 | 0.022 |
1 | 220000 | 0.021 |
1 | 10000 | 0.012 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 142147 | 1 |
0.026 | 25714 | 2 |
0.030 | 100000 | 1 |
0.032 | 199999 | 1 |
0.033 | 100000 | 1 |
Last trade - 16.12pm 08/11/2024 (20 minute delay) ? |
RDG (ASX) Chart |
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