Surely there are discussions going on undiluted funding via some partnership? (sort of impossible in this market).
Even after the raise, they have 10m total cash balance ex fees and commission. Their last Qtr burn was 10m so essentially one Qtr of finding left? Some R&D rebates perhaps?
Can someone points out what the management might be thinking around cash position as from the outside, it's a disaster waiting to happen for SH...
Ann: Entitlement Offer to raise approximately $10 million, page-18
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $60.84M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.7¢ | $262.6K | 9.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3390806 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 980416 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| RAD (ASX) Chart |