Folks best place to start looking here is at the reason the SP has had a very solid downward trajectory particularly the last few days since the quarterly was released.
Simple reason is they spent over 5 Million in a quarter. And with 10 left in the tin they are have 5 months left of runway. ASX is now getting very tight on ensuring companies have at least 6 months runway. Agree they will be able to raise in the next 2 months but the far greater question here is at what price.......?? Considering the last raise was done at 39 cents on the premise of being "CLOSE" to having a financier and that it would / should be done by EOY, i would think the question is now "Houston do we have a problem"???
Put it this way. ITS NOT GOING UP PRE NEXT CAP RAISE?? . Its just how low will it be?? Thats the only question here isnt it?
Look this is all only my opinion and i may be wrong but the logics tell me otherwise.
Is that a fair summary?? Thanks all?? Interested in feedback here on where this is wrong?
Ann: Quarterly Activities Report, page-16
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Last
33.5¢ |
Change
0.005(1.52%) |
Mkt cap ! $131.7M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $45.18K | 133.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12500 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 42000 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| SFX (ASX) Chart |