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Looks like the sp has resigned itself to a capital raising...

  1. Psalty
    3,253 Posts.
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    11/06/19
    16:37
    Post #: 39004807
    Looks like the sp has resigned itself to a capital raising seeing as the soon to expire 5c options are far out of the money.

    From Q3 4C:
    1) "the cash balance at 31 March 2019 amounted to A$1.455 million."
    2) "Estimated cash outflows for next quarter A$ 670,000."
    3) Receipts from customers A$ 433,000 (Q3) & A$ 639,000 (Q1 to Q3)

    Probably explains the recent market sensitive announcements, helps to boost our confidence before we have to cough-up.
    Well Rome wasn't built in a day.
    3DP Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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