Yes, its purely a "potential" besbs play for me, and at this stage, I'm not tempted at all.
The HY report is probably due mid March based on last years release date.
The auditors "may" raise the old "significant risk to continue as a going concern". That's "if" our AUD$30mil+ commitments estimate is accurate vs the $20mil equity facility and some small change in the bank. Point is, it might force some explanation from ADX on how they are going to fund near term seismic/drilling.
Now that the slate is cleaned for a new bout of placements, they might hit the market again before the HY report and any meaningful disclosure on funding is required.
All speculation on my part of course.
could cooper be our partner?, page-10
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Mkt cap ! $68.28M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
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