Given they were carrying trade payables of $7.6m at the end of December, and if they are to have similar outgoings March qtr to the December qtr, which you would think they would given progress is ongoing.
By my reconning with the $4m taken in with the SPP and another $2m from the Directors, they are likely to have a cash balance available at the end of the qtr of around $23m approx. or 1.5 qtrs of funding on an appendix 5b.
Less the trade payables that’s around 1 qtr of free cash.
They have a bit of time on their hands, but you can understand the cautious buying.
What is the plan B?
Given they were carrying trade payables of $7.6m at the end of...
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Last
31.0¢ |
Change
-0.015(4.62%) |
Mkt cap ! $128.0M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.0¢ | 31.0¢ | $409.7K | 1.303M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12752 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 13196 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
31.0¢ |
Change
-0.015 ( 6.06 %) |
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| Open | High | Low | Volume | ||
| 33.0¢ | 33.0¢ | 31.0¢ | 351302 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| GLN (ASX) Chart |