Sell off isn't as bad as I expected.....yet perhaps.
Either way this plays out, i.e. there's a big contract coming or it's just a run of the mill CR, the Company has lied to shareholders.
June Quarterly:
-Consequently, DroneShield expects its existing cash balance (approximately $4 million as at 30
June 2020), to be sufficient to meet its capital requirements, at the very least, for the foreseeable
future. 8.5 Estimated quarters of funding available (Item 8.4 divided by Item 8.1) 78.83
Recent TH
- The Company is not aware of any other information necessary to inform the market about the trading halt.
Also no incentive to take part in the SPP.
Without a follow up Ann, and I give this a few weeks to play out, then It's sub 10c IMO and there will be some big please explains likely either way.
Sentiment back to fence sitting.
Sell off isn't as bad as I expected.....yet perhaps.Either way...
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Last
$1.23 |
Change
0.045(3.80%) |
Mkt cap ! $1.059B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.23 | $1.17 | $6.650M | 5.517M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 53314 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 143261 | 27 |
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| Last trade - 13.08pm 18/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |