A cash problem (or a perception of a cat problem) has a number of issues -
1. Not enough money (obviously).
2. The market anticipates a cash raise - which increases sellers and decreases buyers, leading to decreasing SP.
3. Leaves the company vulnerable to a market black swan event which may make it difficult to raise any money for a long period of time.
4. Uncertainty. A product of all of the above. Nothing kills a SP more than uncertainty. Uncertainty is death.
Rip the bandaid off and get a cash raise done quickly.
AMEC Prospector Award 2019, page-16
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Last
13.5¢ |
Change
0.010(8.00%) |
Mkt cap ! $75.54M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.5¢ | $16.07K | 120.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 499999 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 459500 | 4 |
View Market Depth
| Last trade - 11.29am 15/05/2024 (20 minute delay) ? |
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Last
13.5¢ |
Change
0.010 ( 8.00 %) |
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| Open | High | Low | Volume | ||
| 13.5¢ | 13.5¢ | 13.5¢ | 29834 | ||
| Last updated 11.07am 15/05/2024 ? | |||||
| PEX (ASX) Chart |