This 4C confirms that the cash in bank plus growing sales plus loan facility all adds up to NO NEW CAP RAISE!
Before this announcement I was concerned that they were scraping the last of their funds, and I think that was the major concern for other investors - thus the reason for the continuing slide. But for once management have delivered (IMO actually exceeded) on the previous update!
So my Sentiment has changed from Hold to BUY!
This 4C confirms that the cash in bank plus growing sales plus...
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Last
58.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $79.66M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 59.5¢ | 57.0¢ | $39.10K | 67.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 6837 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SMN (ASX) Chart |