I estimate that if they hit production and cost targets as per equity raising preso, absent material working capital movements, they should be roughly cash breakeven in the Sep Q and slightly positive in the Dec Q.
~$5m extra could provide significant buffer and avert a further CR.
But agree no sense in following rights if you can buy cheaper in the market, which you can currently.
A Bad Joke, page-10
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Last
$1.38 |
Change
-0.040(2.83%) |
Mkt cap ! $1.521B | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.42 | $1.33 | $11.47M | 8.356M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |