depends, the company should be back to cash flow positive and with the Macquarie centre opening this month revenue should be even higher. I don’t think a cap raise is necessary to continue normal operations.
however I believe a cap raise would be necessary if they were to acquire or launch new products/facilities. IMO If you were to wait around for a cap raise in this scenario you could be missing out on big gains. But don’t take my word for it please DYOR!
Ann: Appendix 4C - 30 Sep 21 and Quarterly Activities Report, page-7
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Last
3.0¢ |
Change
-0.003(9.09%) |
Mkt cap ! $16.88M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.0¢ | $12.66K | 408.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 519999 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 100000 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| XRG (ASX) Chart |