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 $50m cash in two months. Notionally only had 4 months worth of cash.
the longer they waited to raise. The lower the share price. The more dilution.
I sold mine at 90c. I bought at 120c. So took my licks. Looks like a serious dog to me.
Good luck to you.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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2 | 56007 | 0.089 |
2 | 294472 | 0.088 |
7 | 496175 | 0.087 |
6 | 715921 | 0.086 |
10 | 780917 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
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0.091 | 965432 | 14 |
0.092 | 49224 | 5 |
0.093 | 638226 | 6 |
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