DXN 3.70% 5.2¢ dxn limited

one question you have to ask yourself are you buying to invest...

  1. 97 Posts.
    lightbulb Created with Sketch. 16
    one question you have to ask yourself are you buying to invest or trade. The company has two options close the doors or expand from the base of zero due to management not meeting the requirement of the original IPO, More Capital will be required to meet these requirements especially for Melbourne which is stuck to in limbo due to power requirements. Sometimes this is not an easily fixed due to i used to manage crews the installation of underground cable systems for a living .
    To max out Melbourne we will need at least $90 million plus, for Sydney $23 mill plus this will take time to raise or generate. ASX rules do not allow companies from hitting retail investor to often and the existing investors are still wary of management short comings as listed above. So this is the situation we are as shareholders are in at the moment , wait or sell take a lose and more on.
    I have noted on this forum that a gentlemen quoted with nextdc equities that it did take 4 year for the stock price to move in the right direction. Also it was quoted on one of the financial web site this week that they are getting a 16% IRR on assets
    So i ask again have you asked yourself are you buying to invest or trade.
 
watchlist Created with Sketch. Add DXN (ASX) to my watchlist
(20min delay)
Last
5.2¢
Change
-0.002(3.70%)
Mkt cap ! $23.97M
Open High Low Value Volume
5.5¢ 5.5¢ 5.2¢ $48.32K 913.8K

Buyers (Bids)

No. Vol. Price($)
2 97007 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 607862 5
View Market Depth
Last trade - 15.53pm 13/11/2019 (20 minute delay) ?
(live)
Last
5.2¢
  Change
-0.002 ( 5.45 %)
Open High Low Volume
5.5¢ 5.5¢ 5.2¢ 241540
Last updated 15.53pm 13/11/2019 (live) ?
DXN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.