They have plenty of cash for another 6 months, by then we should have plenty of news which will push the share price in the right direction IMO
If you havent noticed Bell Potter have been loading up on this stock since the start of the year along with a few other brokers. Most of it being at 3.4 cents for the last 6 weeks.
Bell Potter obviously have a few clues about whats going on here, they are unlikely to load up with a iceberg buy order at 3.4 for the last 6 weeks only for the company to raise ( most likely through Bell Potter ) at a lower price than 3.4
Ann: Half Yearly Report and Accounts, page-3
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Change
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Mkt cap ! $3.295M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $272 | 271.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 41230235 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 51151172 | 21 |
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