You all have no idea.
It's a pause in trading not a trading halt, so they don't need to tell you what it's for.
The company may be posting a NPAT but they still have high non cash earning and cash burn. Net cash flow is negative with about $7m being used last quarter and $16m remaining. Excluding other facilities, the company will need cash in the next 6 months and what better time to do it after the share price is over 200% up.
Yes it could be anything, but of all things the most likely is a capital raising.
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Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.53M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 408812 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 154546 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 408812 | 0.036 |
1 | 50000 | 0.035 |
2 | 20777 | 0.033 |
1 | 10000 | 0.032 |
1 | 16800 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 154546 | 2 |
0.049 | 25409 | 2 |
0.050 | 233800 | 8 |
0.060 | 20000 | 1 |
0.062 | 41140 | 1 |
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