$2M cash on hand at end March plus ability to draw down T4 of the paramount placement (approx $1M). Also need to consider the reduced outgoings as described in the 5B. The sum of all this is that they’ll have enough cash to see them through to back end of this year - by which time we’ll have another contract or two in hand plus a probable cash consideration payment for Agbaja.
We’ll absolutely need to raise again but probably not to the extent that you think and I think it’ll be at a much higher price.
$2M cash on hand at end March plus ability to draw down T4 of...
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $39.77M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.0¢ | $88.45K | 8.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4502212 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 2004076 | 3 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| M4M (ASX) Chart |