they will need more working capital and want to issue more shares.. as after this point SP will be nowhere near to .13
I have a gut feeling that they have realised their mistake of not keep giving dividends but keep Cash to increase SP..
market cap has to be Cash backed at-least 25% of market Cap.
Capital raise will be between 7-10 mil
DYOR
Ann: Trading Halt, page-28
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $39.16M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $13.64K | 101.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 307619 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 295179 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| AVA (ASX) Chart |