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0.9¢ corella resources ltd

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The Loon

603 Posts.

4

18/07/17

16:00

Post #: 25934556
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Originally posted by Jakkamanis ↑

I hold and I'm a fan of the company but I'd be interested to hear where you think the cash for the next 2-3 quarters will come from? At the end of the March qtr they had $2.1m and they spent $1m that quarter, so my estimate for current cash is $1m to $1.2m.

Revenue is increasing and costs are coming down, but I suspect they'll need to find some sort of funding by September or October at the latest. That's why the share price is where it is: the market is expecting a capital raising.

I still believe the risk/reward trade-off is worth an investment considering the tiny market cap and increasing/recurring revenue, but a capital raising is a real threat. If they get backing for a few mil above the current SP or a temporary loan that would be a great result.

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If GGL's revenue increase this quarter is similar to previous they should crack $5 million+ in the current quarter, shouldn't require a CR. As long as new deals are forthcoming and if a CR was to materialise IMO wouldn't be seen as a threat by the market if capital is needed to enhance growth opportunities and strengthen further their solid client list. If they were just burning cash with no results but plenty of "gonna do's" then a CR starts to irk the market.

GGL Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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Last 0.9¢		Change -0.002(18.2%)		Mkt cap ! $4.185M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.9¢	$270	30K

Buyers (Bids)

No.	Vol.	Price($)
2	167776	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	157880	3

View Market Depth

No.	Vol.	Price($)
2	167776	0.009
4	730000	0.008
2	590000	0.007
1	250000	0.006
1	300000	0.005

Price($)	Vol.	No.
0.010	157880	3
0.011	930626	3
0.016	126983	1
0.020	24871	1
0.026	500000	1

Last trade - 15.13pm 25/07/2024 (20 minute delay)

CR9 (ASX) Chart