Why did they not give a cash flow budget ?
did they simply forget , or think we would not notice , that there is a black hole going to happen around day 30 of the new production
they needed to raise quickly and decisively
I said at least 12 months ago if they were to go down this path then just do it, raise 15 to 20m
the share price was18 to 20 cents and actually rose to 24
they could have raised all they needed without discounting like now
but timing has never been their strong suit
maybe they have reached an agreement to supply product at a discount for early payment, that would seem to be sensible because cash will be tight at that time
a cash flow budget must exist , so why not release it , give investors all the information they need to make a decision
let investors know exactly how this comes together over the next 9 months, we are sure if the numbers were plausible that many would contribute
we still feel this is going to 8.5 cents within the next 30 days but as you can see we do get it wrong as well
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a daily close below 10 cents will be a disaster, page-43
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Last
8.1¢ |
Change
0.005(6.58%) |
Mkt cap ! $26.31M |
Open | High | Low | Value | Volume |
7.8¢ | 8.1¢ | 7.3¢ | $8.988K | 118.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 33902 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 22857 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 33902 | 0.072 |
2 | 219919 | 0.068 |
1 | 100000 | 0.060 |
1 | 31281 | 0.032 |
1 | 16667 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 22857 | 1 |
0.085 | 76712 | 1 |
0.093 | 11 | 1 |
0.125 | 6000 | 1 |
0.130 | 169095 | 2 |
Last trade - 15.20pm 14/06/2024 (20 minute delay) ? |
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Last
7.3¢ |
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Change
0.005 ( 3.95 %) |
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Open | High | Low | Volume | ||
7.6¢ | 7.6¢ | 7.3¢ | 7494 | ||
Last updated 15.20pm 14/06/2024 ? |
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CG1 (ASX) Chart |