At June 30 they had $150m cash, according to diggers preso.
According to cap raise announcement, after raise if $100m, will have programs cash of $200m.
Think that means they have burned $50m cash in two months. Notionally only had 4 months worth of cash.
the longer they waited to raise. The lower the share price. The more dilution.
I sold mine at 90c. I bought at 120c. So took my licks. Looks like a serious dog to me.
Good luck to you.
Ann: A$100m Underwritten Institutional Placement and A$20m SPP, page-65
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.2¢ |
Change
-0.002(2.13%) |
Mkt cap ! $196.5M | |||
| Open | High | Low | Value | Volume |
| 9.4¢ | 9.4¢ | 9.0¢ | $1.679M | 18.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 293 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 276590 | 6 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
9.2¢ |
Change
-0.002 ( 2.23 %) |
||||
| Open | High | Low | Volume | ||
| 9.4¢ | 9.4¢ | 9.0¢ | 10903918 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| CXO (ASX) Chart |