The company is bordering on being insolvent in the absence of a capital raising. It has approximately $150,000 in the bank as at 30 June.
A cap raising in this market and at current share price would need to be at least at a 20% discount.
I say 10-11 cents cap raising imminent.
- Forums
- ASX - By Stock
- EER
- all happening in the galilee - eer 2bt?
all happening in the galilee - eer 2bt?, page-28
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EER (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online