Any thoughts on the next CR
https://hotcopper.com.au/threads/ann-quarterly-activities-appendix-5b-cash-flow-report.7333072/(Figures from above)
$2.6m Last Q spent
$5.5 cash on Hand this Q
2.3 months of cash on handCash on hand means a CR is forgone conclusion. I am bought 250k in July for 4.1c
I am quite happy with the MRE and I think it is worth trippling down for a million shares and thinking two year back of the draw hiatus (I like round numbers).
I am thinking putting in a buy order at 3.7c what are long term holders thoughts at what price CR would be offered?
Some might think this is a down ramp post, but it is rational with tripple wammy lower Spot (still great in long term average), Higher Interest enviroment (stablising) and headwinds of potential recession (though mild).
I firmly believe if CRR had $10m in the bank the announcement would have pushed SP to 7.5c than settled around 6.5c rather than down to 4.1c.
