Very unfortunate, and perhaps unexpected too.
Hamish Jolly had been highlighting their position as not wanting to dilute themselves/shareholders. They had initiated this $200m financing mandate with Planum partners in August 2021, but I am unaware of any updates (anyone else know?). Even though the cash flow statement from 1H22 was disappointing - costs to suppliers going up, draining their cash - it appeared that most of that was pre-payment for PPE that would be repaid in future periods, as noted in the P&L statement. Considering they have no debt and around $4m at 31 December 2021, they shouldn't need to cap raise for operational expenses, unless they are unable to get debt financing ??
Hmm, maybe it's operational expenditures.. but I won't be surprised if their is a CAPEX component to this. New project, acquisition, etc. I am not trying to be a blinded bull, just seems a simple capital raise is incongruous with the Deloreans financial situation. Let's wait and see.
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.118M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.3¢ | $1.126K | 34.10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8253 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 5275 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8253 | 0.032 |
1 | 160935 | 0.031 |
2 | 120000 | 0.030 |
1 | 25000 | 0.028 |
1 | 120069 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 5275 | 2 |
0.038 | 80000 | 2 |
0.039 | 300000 | 2 |
0.040 | 17419 | 3 |
0.042 | 15789 | 1 |
Last trade - 11.56am 05/07/2024 (20 minute delay) ? |
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