Thats interesting because at end of last quarter they had almost $4.2mill, so unless they have invested some money, they have burnt almost $2mill in a quarter.
If that's the case then they will need a placement by next quarter if burn rate is the same and options do not get exercised.
End result, they either exercise options for 20c each or they do a placement at a significantly lower price than that. The incentive for the company is obviously therefore to get the oppies in the money.
extra life for oppies, page-9
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LNR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.23K | 409.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 50616397 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 1514427 | 4 |
View Market Depth
| Last trade - 15.54pm 04/09/2024 (20 minute delay) ? |
| LNR (ASX) Chart |