The management have plenty of ideas but I don't think they've managed their balance sheet very well. Did the December placing at 70c set a baseline? The suckers who bought in then won't have appreciated being told to expect the farm in cash in Q1, or the 20% interest rate lloan deal. They boast in their presentation about having a tight capital structure yet they throw out placings and options like confetti.
cap raising, page-2
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Last
0.7¢ |
Change
0.001(8.33%) |
Mkt cap ! $18.25M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $2.843K | 472.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 19621686 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 32133315 | 24 |
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| HHR (ASX) Chart |