Yesterday's notice brings in another $400k.
At their projected cash burn for the quarter of 24m (excluding production sales) that's enough for a day or two.
No doubt they have halted all discretionary expenditure and are leaning on their creditors as well.
Either they are really, really close and are thinking they can scrape by or are deluding themselves and will end up undermining the share price before doing a capital raising anyway.
Ann: Appendix 3B - Exercise of options , page-5
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Last
$1.12 |
Change
0.030(2.75%) |
Mkt cap ! $337.5M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.14 | $1.09 | $775.7K | 696.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20204 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 5077 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ACF (ASX) Chart |