"I'd have thought the company would be taken over long before any cap raising is necessary".
Let's see. Around nine months of funding left at the current rate of cash burn. It's safe to assume they are not going to run the bank balance right down before trying to raise fresh capital. Therefore sometime in the next three to six months (more than likely the former) they need to do something about it. You reckon a takeover is likely in that timeframe?.
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $18.65M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $6.515K | 723.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26139 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 6370837 | 8 |
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| Last trade - 14.33pm 28/07/2025 (20 minute delay) ? |
| EXT (ASX) Chart |