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6.25%

3.0¢ 8common limited

why would they need to raise cash ? they are cashflow positive...

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leaguetrader

359 Posts.

114

13/03/20

00:22

Post #: 43462378
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Originally posted by rob80: ↑

um I dont think you realize how quickly economic econditions are deteriorating. By my estimates they have about 3 minths worth of cash left and they will need to do a cap raise asap if the drop in the share price is any indication. The problem will be trying to raise cash in this enviroment will be very tough and with the rapid fall in the share price the cap raise would have to be done at less than 2 cents to make the CR in anyway appealing.

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why would they need to raise cash ? they are cashflow positive do you know what means. Please explain your estimates...

8CO Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change -0.002(6.25%)		Mkt cap ! $6.723M

Open	High	Low	Value	Volume
3.3¢	3.3¢	3.0¢	$3.216K	100K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	22675	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.033
2	76039	0.030
1	15000	0.029
1	2200	0.028
1	30000	0.027

Price($)	Vol.	No.
0.036	22675	1
0.037	19999	1
0.040	23500	1
0.045	47730	1
0.067	65789	1

Last trade - 13.50pm 02/05/2024 (20 minute delay)

8CO (ASX) Chart