The $17m start up cost for Bulletin is beyond their reach without a Cap raise - at least as I see it.
The share price has fluctuated between $0.2 and $.15 for a couple of months - it seems to me that getting the Cap raise out of the way may allow shareholders to have a more optimistic outlook going forwards.
There still seems to be significant head winds for the year ahead, and a significant cap raise will alleviate these somewhat.
The $17m start up cost for Bulletin is beyond their reach...
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $102.7M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.3¢ | $54.23K | 403.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 384674 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 257453 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
13.3¢ |
Change
0.005 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| 13.5¢ | 13.5¢ | 13.3¢ | 393835 | ||
| Last updated 14.56pm 02/05/2024 ? | |||||
| CAI (ASX) Chart |