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kudo

153 Posts.

7

08/02/24

11:32

Post #: 72301162
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Originally posted by leec: ↑

The purchase of the last contracted (outsourced) company as part of their vertical integration should have been the time to raise money....

Poorly timed in my view. However is @Lucretious is correct, an interesting way to tap some cash. We need customer orders at least 1-2 that are material, and we need them soonish...

James Walker should have trotted the line a seasoned chairman would say in answer to the question about a future credit raising (i.e. the company strategically does not comment on if and the timing of credit raisings to protect their commercial interests). Instead he said that a CR would happen but would be later in the year.

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Poor timing for sure. It may hint there is desperation as a new sale contract would have been a pre-requisite to a CR.
Maybe there is one in the top drawer...

Last edited by kudo: 08/02/24

BLG Price at posting: 4.6¢ Sentiment: None Disclosure: Held
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Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $40.46M

Open	High	Low	Value	Volume
2.1¢	2.3¢	2.1¢	$20.92K	969.2K

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No.	Vol.	Price($)
2	312090	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	44879	1

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No.	Vol.	Price($)
2	312090	0.022
2	143532	0.021
18	2027506	0.020
4	369257	0.019
8	476078	0.018

Price($)	Vol.	No.
0.023	44879	1
0.024	183530	4
0.025	518618	6
0.026	1108988	4
0.027	43478	1

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