Yeah, and the terms of the drill for equity are quite favourable.
From memory, equity value at 6 day VWAP? (I need to double check the exact dates here) From invoice date. As results come out and programs progress we get a better rate if results are favourable, and this can be significant. Much better than doing a total raise at say 1.7c for example.
In addition, the equity is in escrow for 6 months keeping them locked up.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $45.71M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $18.3K | 1.986M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 19508613 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 6377440 | 16 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| DRE (ASX) Chart |