Looks like something big may be in play here.
with the recent capital raise to sophisticated investors ($1.25m raised) & SPP for retail holders ($120,000 raised) coming to a total of $1.37m extra in the bank.
On the 12th of April, according to the quarterly release, the company had over $1m in the bank (as of March 31st this year).
Following this quarterly, the company raised $270,000 to 4 sophisticated investors on the 16th of May.
We can reasonably assume that, although the company has both significantly reduced & realigned its spending (see business activity update on June 22nd) which would see it spending significantly less then the $1m per quarter it was going through, the company has WELL OVER $1.7m $$$$ in the bank.
$1.37m (recently raised) + $270k (raised in May) + $1m (as per end of March) = $2.64m
Minus the past quarterly expenditure (less than previous) leaves the company at around $1.7m in cash.
With 272m shares on issue
$2.72m MC @ 1 cent
With $1.7m cash in the bank
The board has been involved in RTO type stuff before, with Whitton having been involved with the TPP transaction that I saw another poster highlighted went from a market capitalisation of $5m to $60m.
The next few weeks will be interesting to see what comes out of this.
- Forums
- ASX - By Stock
- 1TT
- Cashed up
Cashed up
-
- There are more pages in this discussion • 31 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 1TT (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.882M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $697 | 226.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 4055610 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 5984051 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 4055610 | 0.003 |
32 | 33790460 | 0.002 |
20 | 57721004 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 5384051 | 10 |
0.005 | 6016464 | 15 |
0.006 | 5843500 | 7 |
0.007 | 1782269 | 3 |
0.008 | 2372252 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
1TT (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online