Yeah I agree with the cap raise thing. I placed them at approx 500k burn per qrt with a tax rebate for R&D so approx 1.5m burn per year. However the latest announ of in excess of 200k certainly helps. The promarkerD selling is due end of year so they won't want to cut it short.
A couple more contracts like this one will certainly help the cause though. I would imagine any further dilution will only be smallish to try and take them to profitability.
Options expiring in future will also help bottom line.
Most of this is from memory so next qrt should make things a bit more obvious as to what will likely play out
IMO
Yeah I agree with the cap raise thing. I placed them at approx...
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.42M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 28.5¢ | $187.1K | 634.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 81754 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 1000 | 1 |
View Market Depth
| Last trade - 15.57pm 27/06/2025 (20 minute delay) ? |
| PIQ (ASX) Chart |