agree that the prospects here are very exciting. Main problem I see is that they have no money. They had $576000 in the bank at the end of the second quarter and projected expenditure of approx $400000 for the quarter just finished, so unless they have something up their sleeve, by my calculations they only have $100-200000 in the bank.
Once they can find some funding and it is announced to the market without a huge amount of dilution, imo we will then start to see the SP go north as it should.
IMO if they had a couple of million in the bank now, the SP would be over 3cents. People are tired of cap raisings and the unknown cash positions so are very hesitant.
agree that the prospects here are very exciting. Main problem I...
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $15.89M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $19.6K | 2.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2542000 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 8909508 | 10 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| SRN (ASX) Chart |