Hey Bilson, I see your pretty on the ball when it comes to a lot of the medicinal marijuana stocks on ASX. I am in ZLD, albeit rather small parcel at this point in time. With ZLD I am wondering if there is a concern of a capital raising, quick look at the financial reports show current cash at 6 million, and the burn rate around 3 million, so only another year or so before they will be needing more money.
Is this a concern to holders, or do you think there will be some revenue streams that can cover costs before more funds are needed? Already they have issued 775 million shares, more dilution at these prices would not be a positive.
ZLD chart, page-64
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Last
70.0¢ |
Change
-0.005(0.71%) |
Mkt cap ! $7.943M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 73.5¢ | 70.0¢ | $1.176K | 1.633K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 1846 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ZLD (ASX) Chart |