CC9 chariot corporation ltd
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

  1. kipper57
    7,607 Posts.
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    04/11/24
    09:49
    Post #: 76444443
    I am not getting their strategy here
    Their CR was "Chariot has received firm commitments for a A$1.618 million placement of 8.09 million new shares at A$0.20 per share" prior to that funding at end of qrtr was 1,047m enough for .6 of a qrtr end Sept. Their burn was 1.7m for the qrtr roughly, the prior qrter similar, why didnt they raise more I wonder? I want to reenter however this holds me back.

    Is it because they expect imminent funds from Black Mountain open pit mining?
    CC9 Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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