Let’s park this & see what happens
11.9m, burning 3m a Qtr doesn’t go far (given we are at the end of the next Qtr, so 11.9 is really closer to 8.9m right now)
Results expected at the end of NEXT Qtr, so another 3m burnt; so 8.9m becomes 5.9m
While technically, yes, they have cash until FY25, it’s a huge risk for the company to wait until the results of the trial to raise money or not.
If the results aren’t great, the company will be broke & unable to raise any money unless they completely blow up the capital structure
Remember the other day everyone was discussing the monster salaries the management team is receiving on this one …
Self interest will drive a CR imminently
Let’s park this & see what happens11.9m, burning 3m a Qtr...
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Last
8.9¢ |
Change
-0.046(34.1%) |
Mkt cap ! $80.23M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 9.0¢ | 8.6¢ | $2.082M | 23.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 250808 | 8.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 312804 | 3 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PER (ASX) Chart |