It's not a pretty picture. The short term cash squeeze will probably get sorted one way or another, but the bigger issue is whether there is a promised land over the horizon.
Even if there, it's going to take a long time to convince investors.
This company's utility on the ASX is probably coming to an end. Hannan should take it private. The last raising was at 7 cents, so that might be a starting point.
Half Yearly announcement due?, page-26
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Last
2.7¢ |
Change
-0.002(6.90%) |
Mkt cap ! $54.81M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.0¢ | 2.7¢ | $2.134M | 74.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 2965212 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 3311896 | 3 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| OVT (ASX) Chart |