I'm beyond disappointed.
On 30/4/24 it was stated there would have been enough cash for 5.3 quarters. BS, given there was a payment of USD5M due on or before April 2024 - Refer to April 2023 T&C of the acquisition of Caldeira. That means that it was expected to run out of cash way sooner than 5 quarters. We were trading at 25c with a solid volume. Why not raising at 20c which would have been already 20% discount?! Of course no, let's wait for the share price to be 60% from the all-time-high and then let's give additional discount to some "sophisticated" investors. What a disgrace.
Ann: Trading Halt, page-46
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Last
11.0¢ |
Change
-0.010(8.33%) |
Mkt cap ! $252.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $201.2K | 1.750M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 127686 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 433530 | 5 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| MEI (ASX) Chart |