Seems like they have till october 09 to refinance their debt facilities. In this market, that is a long long time.
IMHO, there are two discreet outcomes possible. You lose all your money and they go broke (5% chance). You grab a tenbagger, and turn that $600 you put in as a punt into $6000 (95%) chance.
I'm hard pressed to find a better punt at the moment, especially sub 4c. This is ridiculous. So much so that i might have to purchase a few more tomorrow, just in case!.
I am more than happy to risk 600 to make 6000. How hard will it be to get back to say 39c ??? Maybe it takes a year, not a bad CAGR
Seems like they have till october 09 to refinance their debt...
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $286.9M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.1¢ | 5.8¢ | $126.4K | 2.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 729133 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 359639 | 4 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| AMA (ASX) Chart |
