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
-0.005(3.57%) |
Mkt cap ! $78.44M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $5.244K | 38.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 175000 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 15.11pm 03/05/2024 (20 minute delay) ? |
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Last
13.5¢ |
Change
-0.005 ( 10.0 %) |
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| Open | High | Low | Volume | ||
| 13.5¢ | 13.5¢ | 13.5¢ | 35251 | ||
| Last updated 14.09pm 03/05/2024 ? | |||||
| PEX (ASX) Chart |