Any sniff of a CR (whether actual or not) and it was expected...Surprised the sell volume wasn't higher to be honest. Buyers certainly aren't coming out of the woodwork.
We all hope its not needed.
Personally I see it as inevitable now given this latest news flow. It would be irresponsible on the part of management to be going into bat with less than $1.5m in the bank. A sound cash position irrespective of the dilution it causes is paramount unfortunately. The question would be do we get a chance to participate if it eventuates. I would take every share offered!
Investor Update, page-112
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.90M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.9¢ | $23.42K | 1.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1142321 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 339684 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| ADO (ASX) Chart |