Yes due to no gov grant in the next quarter the annual Loss is likely to ballon to -$1 million up from - $405,000 so far this year . Hence the need to raise capital. So at the end of the next quarter they will have eaten up the raise money . The declared profit is unsustainable without another gov grant . Seems to me it's back to a sell not hold or buy. Given volatility globally in U.S. Stock markets another 3 after shocks may plummet this stock back to 2.7 cents unless they're is a takeover or share buyback
Yes due to no gov grant in the next quarter the annual Loss is...
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Last
1.9¢ |
Change
-0.002(9.52%) |
Mkt cap ! $14.40M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.9¢ | $20.53K | 1.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 219492 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 172869 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RNT (ASX) Chart |