Getting low on cash here, less than 1 quarter left - so cap.raise is incoming at these depressed prices. I Suspect the raise, in this market, will be done at a 20%-30% discount - perhaps this is what will take the SP down to the 14c support levels:
"As at 30 June 2023, the Company’s cash balance was $3.5 million, a decrease of $4.8 million from 31 March
2023"
Ann: Quarterly Activities and Cash Flow Reports - June 2023, page-2
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.02M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $22.17K | 153.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 279788 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 173670 | 4 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
14.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 14.5¢ | 14.5¢ | 14.0¢ | 99394 | ||
| Last updated 15.57pm 14/06/2024 ? | |||||
| RXL (ASX) Chart |