did they refuse to raise capital and only have $6m cash and negative cash outflows ?
don’t mind the strategy, makes a lot of sense… but the line they are treading is quite thin and these prices are not that bad to raise capital… but they refuse to do so.
I think if they raise capital the share price will do quite well after the injection, all this talk of funding will go away and the runway will be extended and they could go even harder.
Ann: FY22 Results Presentation, page-310
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$2.32 |
Change
-0.020(0.85%) |
Mkt cap ! $1.602B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.37 | $2.30 | $2.354M | 1.012M |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11423 | $2.31 |
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| Price($) | Vol. | No. |
|---|---|---|
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