Straight to Page 23: Staged equity strategy; structured to reduce dilution (Few levers to pull on funding, equity raise is going to happen some time though)
Page 33: Shows cash balance from 30 June 2023 of C$10.9m (Not sure why such an outdated number?)
The Company will need to do an equity raise at some stage, just unsure exactly when. When will the re-rate come and what are the short term catalysts to prevent too much dilution. Raising at these prices would crush the capital structure.
Thankfully the $20m Prion loan buys the Company some more time.
Refer page 30 for the catalysts.
DYOR
Cheers
Wolf
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- Ann: EMN Corporate Presentation - November 2023
Ann: EMN Corporate Presentation - November 2023, page-2
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.847M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $10.51K | 292.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 167814 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 120000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 167814 | 0.036 |
8 | 577645 | 0.035 |
5 | 93722 | 0.034 |
3 | 90000 | 0.033 |
2 | 220000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 120000 | 1 |
0.038 | 239069 | 3 |
0.040 | 80000 | 1 |
0.042 | 519000 | 3 |
0.043 | 214444 | 1 |
Last trade - 14.41pm 23/08/2024 (20 minute delay) ? |
EMN (ASX) Chart |
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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