Fingers crossed that preliminary finance is secured by the end of this year. Otherwise I wouldn't be surprised if there is a substantial delay of the pipeline and/or funding via shareholder dilution. However, the appetite on the last cap raise from retail shareholders was not ideal. There could be further pain in 2022 but I still see some light in 2023 if the looming financing cliff/crunch can be solved. Current government grants would not stump up enough for required capex so a bailout there is highly unlikely. Private funding may be predatory at current valuations and low margins of the business.
I would rather miss some of the run up then punt on the current management in the current macroeconomic uncertainties.
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Fingers crossed that preliminary finance is secured by the end...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 100000 | 0.096 |
2 | 110536 | 0.095 |
2 | 20500 | 0.092 |
1 | 100000 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 179264 | 3 |
0.110 | 86726 | 1 |
0.115 | 47000 | 3 |
0.120 | 296920 | 6 |
0.125 | 210280 | 2 |
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