I don't think so.
My hope is that when they do a capital raising, they get Weinerberger to buy close to the 15%. From here, the SP should keep climbing. If they can get the SP to 10 cents before letting WBR buy 15%, the 15% would equate to somewhere around $45m raised. This means that they can be fully funded for another 2 years and get some 110's built and start some real money coming in and some real contracts.
Ann: Change in substantial holding from BKW, page-14
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $106.6M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.5¢ | 2.4¢ | $30.22K | 1.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2149681 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 3141381 | 17 |
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| Last trade - 15.30pm 27/06/2024 (20 minute delay) ? |
| FBR (ASX) Chart |