Likely they will need to look at raising funds prior to end of this FY. For last 5 months or so SP has been moving in a range around the mid 4's to mid 3's. Still in a LT downtrend so where it will be in another 3-4 months' time when its likely they will need to raise capital is anyone's guess.
I don't see any positive news events occurring in the next 4 months that would justify a SP spike. There's clearly little interest in this stock considering the daily volumes traded so don't expect any big moves either way IMO. Will be interesting to see how the choose to source funds.
ETM Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
