Company had $20m at end of Dec and spends around $7m a quarter.
This means that by the end of June, it should be down to $6m, and I think we will see a capital raising then.
I know this is part and parcel of developing companies, but it could weigh down on the stock as it did with GOR.
capital raising
Add KGD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
0.001(7.14%) |
Mkt cap ! $4.824M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $3.587K | 448.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 3665775 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 2208922 | 7 |
View Market Depth
| Last trade - 10.44am 14/10/2024 (20 minute delay) ? |
| KGD (ASX) Chart |