This is just highlighting the fact that ADN at this moment doesn't have enough money in the bank to keep operation for 12 months in the same manner that it operates now.
ADN management have prepared a plan where if no funding will be secured before May 2024 they will stop spending money on items or services they have not committed to (no new expenditure). This will result in money running out by September 2024 and they will need additional $5 million to keep going till March 2025 which is 12 months from now.
Nothing new, nothing unknown, nothing alarming.
Just a reminder that it either floats or sinks and we will know soon enough.
Ann: Half Yearly Report and Accounts, page-66
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 2.0¢ | 1.7¢ | $204.6K | 11.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 15592347 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 50791 | 1 |
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| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
1.9¢ |
Change
-0.001 ( 2.78 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.9¢ | 1.7¢ | 13545951 | ||
| Last updated 15.56pm 13/06/2024 ? | |||||
| ADN (ASX) Chart |