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9.52%

3.8¢ 8common limited

This is just my opinion, but I reckon they won't need a CR as...

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shangwlux

370 Posts.

107

25/01/23

13:11

Post #: 65875390
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Originally posted by CASPERBAK: ↑

Impressive growth in revenue but at the present rate of cash burn, they have about 9 months worth of cash left. Was hoping this quarter that they may slow down the burn. For me, a cap raise is becoming very likely.

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This is just my opinion, but I reckon they won't need a CR as they have 2.1m in contracts they have just signed which comes in H2. That would mean they would maintain their cash position until FY24

8CO Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.8¢		Change -0.004(9.52%)		Mkt cap ! $8.515M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.8¢	$12	300

Buyers (Bids)

No.	Vol.	Price($)
2	24500	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	93	1

View Market Depth

No.	Vol.	Price($)
2	24500	0.035
1	30000	0.033
2	259033	0.031
3	46738	0.030
1	10500	0.026

Price($)	Vol.	No.
0.036	93	1
0.040	5499	1
0.041	20000	1
0.042	36576	1
0.043	19607	1

Last trade - 13.33pm 02/10/2024 (20 minute delay)

8CO (ASX) Chart