Looks like prudent financial management to me. No need to raise capital immediately.
Options are in the money and there is at least $5mln in those at 5c, if exercised.
Technical analysis shaping up for an assault on 10c with a pull back to mid-7c.
If options are not exercised, they can raise in mid 7c of what's remaining of the annual raising capacity. I believe they have 10% left of the annual 15%+10%, so another $1.5mln at 7.5c, potentially.
Looks like prudent financial management to me. No need to raise...
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Last
4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.98M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.8¢ | $102.2K | 2.121M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2214854 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 729162 | 5 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| AVM (ASX) Chart |