IMO , to address the cash burn they may need to consider using the remaining 10% dilution by Christmas. However, this could present challenges as the brokers who supported the last capital raise have experienced a 50% drop in value within just a few months. Finding an investor willing to take up the next offer may prove to be difficult.
Ann: Quarterly Activities Report & App 5B - QTR ended March 2024, page-5
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $7.492M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $4.836K | 1.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 6004998 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5315318 | 9 |
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| BUY (ASX) Chart |