I think if the share price holds over the 0.14-0.16 mark a cap raise will take place post the 1H results announcement...auditors can't sign off on the account on a going concern basis (favourable) unless accounts and future cash follows healthy.
based on last sep quarterlies if the burn rate continues could be needed.
ideally a cap raise would be announced with favourable news
just my opinion but I see this happening as with any other exploration coy
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $337.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 14.5¢ | $693.0K | 4.722M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 335904 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 169980 | 4 |
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| INR (ASX) Chart |