Any pre-revenue company will need to raise at some point.
But raising capital doesn't necessarily mean raising through a placement or SPP.
IF all goes well with DD-2 we'll probably raise cash through Farm-in and dilute at Project Level rather than Company level.
IF DD-2 is deemed commercial, they might be in a better position to secure loans against future revenue with specialist lenders.
The more de-risked a project becomes, the more avenues to raise there are.
Ann: Elixir adds new Taroom Acreage, page-23
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $124.7M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $13.67K | 124.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1254173 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 331530 | 1 |
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| Last trade - 12.50pm 29/07/2024 (20 minute delay) ? |
| EXR (ASX) Chart |