They are not doing anything, so cash burn is not an issue here. We want them to burn some cash for good reason like more drilling and result and around 9M sitting in account as per last report, so we are good for 1-2 quarters before any capital raise. I believe they will not do any raise at these price, but might be wrong as IR1 is full of surprises.
They are not doing anything, so cash burn is not an issue here....
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $27.68M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $162.9K | 809.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27505 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 31210 | 2 |
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| Last trade - 15.09pm 26/07/2024 (20 minute delay) ? |
| IR1 (ASX) Chart |