It's dangerous to invest on hope.
They have three quarters of cash left at the current burn rate of ~$2.2M/ quarter. So the company has enough cash until Fed-March 2022.
Sadly, given managements lack of communication, the next raising could be at vastly lower share prices if there's no deal by then.
17.5c nearly gone now...
Shareholders starting to throw in the towel and getting fed up with management...
Perennial Value Management has 12 million left to sell and is a dark cloud hanging over AL3's share price.
No one knows what's going on...
Meanwhile salaries are up 200%.
No point in buying any shares with the major shareholder capping the share price, cash running out, and lack of updates from management.
It's dangerous to invest on hope. They have three quarters of...
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Last
21.5¢ |
Change
-0.030(12.2%) |
Mkt cap ! $81.50M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 21.0¢ | $590.8K | 2.689M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 239137 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 124444 | 4 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AL3 (ASX) Chart |