$50 million - on paper sounds like safety
But comes at the cost of further share dilution.
What is the ACTUAL CASH BALANCE for the company?
What does this mean?
Looks like it means BRN has 3.1 quarters worth of funding available before we see the name of LDA again on the ASX Announcement list.
The question now comes to whether we believe what BRN has stated on paper to ASX;
or
to believe a pumper on a forum who's clearly trying to justify his stock holding position?
Ann: Appendix 4C and Quarterly Activities Report, page-111
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $581.8M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 27.0¢ | $7.028M | 24.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1879470 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 752200 | 5 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| BRN (ASX) Chart |