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.
At June 30 they had $150m cash, according to diggers preso....
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $309.8M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $255.8K | 1.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 101 | 4306371 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 3600046 | 134 |
View Market Depth
| Last trade - 15.44pm 24/05/2024 (20 minute delay) ? |
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Last
15.0¢ |
Change
0.000 ( 1.97 %) |
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| Open | High | Low | Volume | ||
| 14.8¢ | 15.0¢ | 14.5¢ | 1573256 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| CXO (ASX) Chart |