100% they will raise capital, most likely within 6 months.
Hence their referal to "discussions with Banks etc"
I also remeber an Analyst saying they will be raising cash.
Suspect we will see the sp gradually go up to $20 mark then a trading halt with a CR by June ish.
Money required for retail commericalisation of products.
Note that shorts are in at around 4.5%, they love a good CR.
Ann: CEO Letter to Shareholders, page-8
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Last
$15.70 |
Change
0.470(3.09%) |
Mkt cap ! $786.6M | |||
| Open | High | Low | Value | Volume |
| $15.45 | $15.75 | $15.18 | $1.821M | 116.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 280 | $15.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.74 | 317 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| CUV (ASX) Chart |