Could be an opportunity here. It looks like the $10M has been spent on the last quarter remediating. $2.926M has been received from origin, so I would expect a $3M R&D payment to be received this quarter. Someone has been dropping quite a few in the last few days.
The previous quarter had some negatives, mainly in the area of increased costs. I like that the director is more forthright than the last and is putting out more information (warts and all).
Market cap of $11.8 at 2.1c $14.678M cash with another $3M coming (if my r&D assumption is correct).
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Could be an opportunity here. It looks like the $10M has been...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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0.2¢ | 953000 | 2 |
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No. | Vol. | Price($) |
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1 | 1000000 | 0.003 |
28 | 18717064 | 0.002 |
25 | 37169926 | 0.001 |
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0.002 | 953000 | 2 |
0.003 | 8126779 | 11 |
0.004 | 4247243 | 7 |
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