There was no issue with the side track I'm aware of.
I am just pointing out the black and white where SM said side track was fully funded.
Both can't be right, IF, you believe the cash spend last Q is completely down to MK2 + ST drill then SM either lied at the time about side track funding OR they have some forward spend in the last quarterly.
I agree now is not the ideal time to do a deal but something has to give on the funding front.
The argument then becomes what is best for shareholders?
I certainly haven't given up hope they get the rights issue extra over the line at 13c. No way anyone could buy 13.5 million$ worth on market. The sp would be mid 20's in no time at least IMO.
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Last
7.5¢ |
Change
0.004(5.63%) |
Mkt cap ! $106.3M |
Open | High | Low | Value | Volume |
7.2¢ | 7.6¢ | 7.1¢ | $263.3K | 3.617M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 28000 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 133227 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28000 | 0.074 |
2 | 119590 | 0.072 |
1 | 140845 | 0.071 |
5 | 390502 | 0.070 |
4 | 279869 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 133227 | 2 |
0.076 | 128285 | 1 |
0.077 | 600000 | 3 |
0.078 | 40000 | 2 |
0.080 | 238000 | 2 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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