So 25% of the current market cap would not satisfy their cash needs to complete KOA trials (my numbers, as who knows what they hell it will cost because the company has told us for 18 months now that it is too hard to compute...)
That is a massive assumption that uses current market cap, not what I believe to be where they will get a raise away at (ie much lower than here).
I know this is a chartists thread, so I will take it elsewhere.
Chart, page-3906
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $83.98M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.0¢ | 22.5¢ | $173.6K | 743.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 99346 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 131244 | 5 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| PAR (ASX) Chart |