I believe they have been able to last another 2 quarters because the Directors are taking shares for the next 6 months - otherwise, they would be looking to do a CR in the coming weeks.
Either way, a CR is around the corner - IMO could be an opportunity for holders to exit with at least the shirt on their back.
If - and its a HUGE if - this project ever gets a look-in it will take much more funds than what they currently have...
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-16
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Mkt cap ! $12.68M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $5 | 1.227K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 47 | 24556301 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.4¢ | 7585822 | 10 |
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| Last trade - 10.02am 04/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 377000 | ||
| Last updated 13.24pm 04/06/2024 ? | |||||
| ECT (ASX) Chart |