The "lost" $5.6m is largely just due to non-operating legal costs which were $10m, this is substantially decrease.
Excluding legal costs and company is cashflow positive so no need to complete a capital raise unless they were looking to buy another company which they could offer script.
I would suggest the company would first go into debt before doing a capital raise.
Ann: 1H24 Results Update, page-5
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$3.28 |
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Mkt cap ! $1.062B | |||
| Open | High | Low | Value | Volume |
| $3.30 | $3.33 | $3.24 | $2.020M | 614.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6000 | $3.28 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.30 | 2478 | 1 |
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