ALA

15.6%

18.5¢ arovella therapeutics limited

Ann: Appendix 4C - quarterly, page-9

First 9 Last

Share
Profile

Follow
deanoaj

924 Posts.

19

11/02/15

11:28

Post #: 14734611
Share

Originally posted by Bluebush ↑

Nutsy started a great thread (http://hotcopper.com.au/threads/avoiding-the-dreaded-cr.2448687/#post-14672210) after this latest App 4C announcement - questioning whether or not a capital raising was on the horizon.

Very good question.

My suspicion is yes a CR will be required this year, in fact it will be required by mid year.

Of course all the usual caveats need to be put in play which would negate the need for the company to do a CR. The trade sale of artimist for $200MM; signing a stiffy mist deal with Pfizer with a few million in up-fronts, winning the lottery, spinning off of west coast asset are some of the usual suspects.

It's required because the quarterly burn rate (I use net operating and financial cash flow from the 4C) over the past 12 months or so has ranged from losses of $460K to $1.9MM.

There is $3MM in the bank - this company (despite all of the great work done by West Coast and Billingham's crew) has at best 3 quarters worth of funds before they make like Greece or Venezuela and are unable to pay their debts. In fact it's 2 quarters because hopefully our recently awarded performance shares CFO should be giving the board the head's up before time so they can run out and tap the market again.

So Carter's comments about 12 months of funding left are misguided at best or FoS at worst.

Kipp's comment on Nutsy's thread about oppies is also true but an additional million bucks at best gives SUD another 3 months to play with.

The only redeeming quality from management recently has been their decision not to table at the last AGM a resolution to further dilute my shareholding by 25%. The apathy expressed by many SUD shareholders/voters (outside of Suda Shareholders Association who were active when it counted) would almost certainly have approved this resolution as well. As it is they can only dilute by 15% (which will entail another 150 MM shares on issue).

Here's the updated graph.

Expand

Hi Bluebush, with the thought of a CR and the number of shares on issue getting up there, do you think a share consolidation may be on the horizon at some stage?
Cheers.

SUD Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

IMA

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

There are more pages in this discussion • 14 more messages in this thread...

First 9 Last

Add ALA (ASX) to my watchlist

(20min delay)
Last 18.5¢		Change 0.025(15.6%)		Mkt cap ! $194.5M

Open	High	Low	Value	Volume
16.0¢	19.0¢	16.0¢	$1.303M	7.404M

Buyers (Bids)

No.	Vol.	Price($)
2	167000	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	349887	3

View Market Depth

No.	Vol.	Price($)
2	167000	0.175
3	209410	0.170
2	83221	0.165
6	542488	0.160
11	758068	0.155

Price($)	Vol.	No.
0.185	50000	1
0.190	331022	7
0.195	904538	4
0.200	573213	9
0.205	200000	2

Last trade - 16.10pm 11/10/2024 (20 minute delay)

ALA (ASX) Chart

Ann: Appendix 4C - quarterly, page-9

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Cauldron Energy reports "excellent" uranium assays in latest drill run

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Appendix 4C - quarterly, page-9

Top Stories

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Cauldron Energy reports "excellent" uranium assays in latest drill run

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News