The $3 million will come in if the share price goes above 4c. Otherwise, the loyalty option holders will not convert the options.
Guessing the cash balance is a bit hard as we don't know how much they spent.
On 31 March they had $1.3M
They raised $2.6 million from placement
They raised $409k from loyalty options
So, it gives us $4.3 million cash minus all the expenditures starting from 31 March.
They also have access to US$2M Geodrill Drill for Equity Facility. MKG pays half of the drilling costs and issues shares for the remaining half. I think they pay $US1 million to the driller and issue US$1 million worth of shares? Or they pay US$2 million and issue $US2 million worth of shares. Not sure which one
They tend to raise every six months, which means another 4 months before the next raise IMO.
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The $3 million will come in if the share price goes above 4c....
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Last
0.9¢ |
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Mkt cap ! $8.879M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $18.76K | 2.173M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 3657063 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 1245586 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 3657063 | 0.008 |
13 | 4052357 | 0.007 |
2 | 749950 | 0.006 |
4 | 1599990 | 0.005 |
2 | 2600000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1195586 | 4 |
0.010 | 1750004 | 7 |
0.011 | 3704546 | 7 |
0.012 | 12454826 | 7 |
0.013 | 1873030 | 6 |
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