I belive that in the September Quarterlies we only had $1.52 Million in cash and net expenditure is running at about $1.48 Million a quarter.
I'd suggest that management have been trying to leave it to the absolute very last minute to do a capital raising, hoping that the results would come in and they would be able to raise at a higher price. If this wasn't the strategy, then they wouldn't have left it so late and with such a low balance in the bank account (at a guestimate).
In a spec stock like this - a discount to the current price would be needed. Often a discount to the 30 day price. It's not too bad. As long as they can spend the 1.5 million well - this is going to be great. It's just unfortunate that positive results didn't come in beforehand.
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Last
9.4¢ |
Change
0.002(2.17%) |
Mkt cap ! $10.34M |
Open | High | Low | Value | Volume |
9.4¢ | 9.6¢ | 9.4¢ | $5.176K | 54.89K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 54779 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 13550 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 54779 | 0.094 |
1 | 20000 | 0.093 |
1 | 20000 | 0.091 |
4 | 36111 | 0.090 |
1 | 20000 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 13550 | 3 |
0.096 | 20000 | 2 |
0.097 | 10000 | 2 |
0.098 | 20000 | 2 |
0.100 | 79122 | 3 |
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