Thinking about if from a different angle - management must have determined that they needed up to $2.5m to drill, complete and connect and usher the company through to first revenue - presumably with buffer. So as long as they have projected accurately - and let's face it, they have the most complete information available - all they need to do is get the spp over the line, or find a supplementary source (debt or placement) to fund any difference. $1.5m seems like a fair task at this point, but ultimately it is only 50 entities at $30k. You'd assume the majority of top twenty would be in, plus directors....which is ~ half the required amount straight up.
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $7.237M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $501 | 100.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 11179649 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2647207 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 11179649 | 0.004 |
9 | 15462019 | 0.003 |
4 | 16775000 | 0.002 |
3 | 46300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2647207 | 4 |
0.006 | 4439880 | 7 |
0.007 | 2663797 | 4 |
0.008 | 1035051 | 2 |
0.009 | 80000 | 1 |
Last trade - 12.48pm 16/07/2024 (20 minute delay) ? |
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