-So yeah, my calcs in the above post show ~790m SOI now, with approximately 264m new shares issued in the most recent CR.(ref below)
The two announcements today suggests we've issued up to 709m of these SOI so far (602m + 106m as per below).
With ~263m new issued shares at $0.054, this will be a massive point of resistance for us.
$0.054 x 790m SOI = $42.6m market cap.
-Secondly, I think we'll have about AUD $18m cash as at Dec 24 (estimated).
I wonder where the Christmas party is going to be?
Normally I'd say the brokers/new holders would be holding the Christmas party as they usually make out like bandits... in this case they're down almost 17% so maybe no gift baskets to management this year? :---(
Looks like our $18m will have to buy us a hell of a Christmas party on our own.
Best of luck punters!
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