So, barely enough cash to survive another 6 to 8 weeks. The company is on its knees and the directors must be hoping that EG is merciful.
What prospective vulture would purchase liabilities now when they could simply wait a bit and pick the bones clean once the creditors have been waived off by Administrators?
I personally know of execs that are salivating at the prospect of picking up some of OLI's (very few) choice sites.
Ann: Appendix 4C - quarterly, page-4
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.407M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 159249 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 46623 | 1 |
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| Last trade - 16.12pm 10/09/2024 (20 minute delay) ? |
| OLI (ASX) Chart |
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