The way the deal is structured any small raise is of little consequence. From the last 4C, the company's corporate overheads are $131k a quarter! This would be among the lowest on the ASX if not the lowest.
We have almost 300 quarters of funding! In all seriousness, show me another minnow that has this much runway.
The AGM was 3 weeks ago and the share price was 3 cents. Anyone listening to the AGM who held off buying anticipating a raise has just missed out on 50% profit in less than a month.
The company's promotional focus should be 100% on selling the benefits of this deal to prospective shareholders.
Here is Chat GPT's take on the deal:
This is why in my view the current share price is still ridiculously cheap, and the potential for large gains is very realistic.
GLTAH
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