There are a lot of variables, the Company does have a high cash burn with salaries and other on costs over and beyond exploration. To date Newexco and others have been accepting shares and options in lieu of cash. However, I don't think that to date this has proved to be a more profitable option then taking the cash. It could be said that they know more and this is why they are doing this or it could be due to the Company citing cash flow. I guess at this time it is what others here want to read into it.
Ann: Appendix 3B and Cleansing Statement-KAI.AX, page-6
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $28.83M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $198.6K | 18.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2726221 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6859051 | 9 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| KAI (ASX) Chart |