Announcement around 5.5c for a raise at 4c and bonus options 1:1 with a strike price of 9c, probably in H2 2024 is my wager. It'll be undersubscribed with institutions and sophisticated investors that were previously on board no longer having the appetite or capital to help their mate Paul out after such poor performance the past 3 years, and how many current retail holders can really say they'd be interested?
It'll generate 1-2 quarters of working capital at best and there will be another one early 2025 if I'm a betting man.
Q, What are the details and price of the next C R, page-14
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $396.8M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $374.4K | 6.932M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 884300 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 759998 | 2 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |