This a red flag announcement and not unexpected from a company with high leverage that need to keep the SP high to allow for attractive equity raises.
They should also disclose what the share count is likely to be to achieve the $18m in earnings....
For a short time I was a small investor and met with management. Following the meeting I sold the position.
This a red flag announcement and not unexpected from a company...
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Last
40.0¢ |
Change
0.005(1.27%) |
Mkt cap ! $64.28M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 38.5¢ | $108.2K | 271.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20406 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 13255 | 1 |
View Market Depth
| Last trade - 15.58pm 23/04/2025 (20 minute delay) ? |
| PNC (ASX) Chart |