The company has plenty of cash due to the aggressive cost cutting measures. Only big contracts would necessitate a fund raising. Long before we need cash because the orders are overwhelming us we get FAA - in October.
I doubt anyone minds the company institutionalising the shareholder base with a 5 or 10 mio placing @ 1.5 in Q4.
Ann: Activity Report and Appendix 4C, page-8
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Last
48.0¢ |
Change
0.025(5.49%) |
Mkt cap ! $72.61M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 49.5¢ | 46.0¢ | $40.33K | 84.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50000 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 88773 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ELS (ASX) Chart |