Not good, there cash balance is now only 8.2 million, and that was at the end of last month, so less than that now, this is a clear indication of a cap raise very soon in my opinion.
If the credit equity facility is used, I suspect the shares will be dumped on market crashing the share price like what happened last time this mob was issued shares.
The best way forward is to raise cash by a placement, or from share holders.
Fundamentals look good other than the weak lithium sentiment, still a lot to love here other than the big full in cash held.
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Open | High | Low | Value | Volume |
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9 | 873452 | 0.073 |
11 | 768589 | 0.072 |
5 | 1310591 | 0.071 |
18 | 813233 | 0.070 |
Price($) | Vol. | No. |
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0.075 | 176934 | 1 |
0.076 | 325000 | 2 |
0.077 | 149999 | 2 |
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