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
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $30.4M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 12.0¢ | 10.5¢ | $42.38K | 371.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 309737 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 43343 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AVA (ASX) Chart |