Nasdaq had a shocker last night. Wont help DUB on Monday. Last time it traded below $1.20 was October 2020. That $110m CR @ $2.95 in July 2021 was an absolute masterstroke. The Speik acquisition was also a masterstroke paying them 4.7m DUB shares @ $3.33, however it's been a horrible tale of shareholder destruction since then.
They had $55m after the October 2020 placement, then raised $110m and last quarterly they had $108m.
They will most likely burn through $10m this quarter & cash will be sub $100m. So in approx 16-18 months they would have burnt through $57m - this is completely unsustainable. Product/Operating costs & Staff costs are running rampant and with another 25 roles to fill, cash burn is going to accelerate from here.
- Forums
- ASX - By Stock
- DUB
- Dubber.Dubber.Do.
Dubber.Dubber.Do., page-6149
-
- There are more pages in this discussion • 2,232 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DUB (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.9¢ |
Change
-0.001(3.33%) |
Mkt cap ! $26.85M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 2.9¢ | $24.35K | 834.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 698168 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 1062458 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 698168 | 0.029 |
8 | 632129 | 0.028 |
4 | 241500 | 0.027 |
1 | 400000 | 0.026 |
3 | 230039 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 1062458 | 4 |
0.031 | 250476 | 4 |
0.032 | 9932 | 1 |
0.033 | 42496 | 1 |
0.034 | 119357 | 1 |
Last trade - 15.56pm 10/10/2024 (20 minute delay) ? |
Featured News
LU7
The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour
NEWS
New gold and silver soil anomalies uncovered at Black Range, strengthening exploration potential
DUB (ASX) Chart |
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online