My concern is that now they owe $5mill to Macquarie bank they have a debt to equity of about 33%. They are burning cash as all companies do at this stage but need more, equity raising is no longer possible. My concern is this mine will get up but with the dilution who will own it, Macquarie. Can we have some guaidance from management.
interesting new resources quarterly report, page-2
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $15.81M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $89.56K | 397.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 76042 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 8000 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |