With less that 1M dollars in the box and around 5M dollars cash burn per year, new money will be needed very soon.
I am predicting a 4 to 5 million CR at 20 cents (11 pence).
They will also need money for the DFS in 2019 that shouldn't be less than another 5 to 10 million.
Some how this will see 15 cents (8.5 pence) within H1 2019, at which level a position should worth the risk.
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.19M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 16.0¢ | $72.87K | 455.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 48950 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 38597 | 2 |
View Market Depth
| Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
| EMH (ASX) Chart |