This one is going on my watchlist as of todays announcement. the Board seem committed to delivering value and not taking a cheap offer. The chart doesn't show much action at all but will be an interesting one to watch once a breakout occurs. The risk/reward at these levels is attractive once we see some volume.
Based on current cash on hand of approx $16m and a burn of $2m / quarter less the capital return of 2c per share (217.75m shares on issue @ 2c) = $4.355m - they have about 6 qtrs of cash on hand.
So lets say they have enough cash on hand for activities until perhaps the end of next year.
Are there any big expenditures im missing?
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- Ann: Company Update - Board Guidance and Capital Return
Ann: Company Update - Board Guidance and Capital Return, page-6
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.734M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.5¢ | $271 | 10.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 30311 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 143879 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 30311 | 0.025 |
1 | 1500 | 0.024 |
2 | 38494 | 0.023 |
1 | 45499 | 0.022 |
1 | 95383 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 143879 | 2 |
0.029 | 156545 | 1 |
0.030 | 102764 | 5 |
0.032 | 187876 | 1 |
0.034 | 19500 | 1 |
Last trade - 15.04pm 19/08/2024 (20 minute delay) ? |
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YOW (ASX) Chart |