They will absolutely need to raise cash soon, and management need to be smart to pick the right 5 day VWAP to raise off.
$1.6m in the bank won't go far...yes they can stretch it out another quarter maybe, but will there be the same good volume and pricing? Or will they be raising sub-10c because SP has drifted back down to 11-12c range pre-raise??
The low cash balance is scaring off new investors, who are already waiting for the CR to take a position.
I'm honestly a bit surprised they haven't halted already to put $2-3mil in the bank at around 13c
- Forums
- ASX - By Stock
- SUM
- Constrained Value Estimate
Constrained Value Estimate, page-10
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SUM (ASX) to my watchlist
|
|||||
Last
25.0¢ |
Change
0.010(4.17%) |
Mkt cap ! $20.51M |
Open | High | Low | Value | Volume |
23.5¢ | 25.0¢ | 23.0¢ | $125.1K | 522.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 82318 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 46742 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 34233 | 0.245 |
4 | 260300 | 0.240 |
2 | 244765 | 0.235 |
1 | 50000 | 0.230 |
1 | 13000 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 46742 | 3 |
0.260 | 14647 | 3 |
0.265 | 27878 | 3 |
0.270 | 75000 | 3 |
0.275 | 18663 | 5 |
Last trade - 13.22pm 11/09/2024 (20 minute delay) ? |
Featured News
SUM (ASX) Chart |