This year is the year of reckoning. The promise and blue sky needs to really come home to roost. With a current $0.7m quarterly cash burn and $3.3m in the bank they have around one year to turn the ship around. They also appear to have no bank borrowing facilities at this time. There have been quite a few general announcements of late and it does make me think that they are setting the scene for a cap raise - they probably have no choice. It would not be prudent to wait until their backs are against the wall to then consider a cap raise. Maybe a significant trading uplift will save our day, but can they afford to wait and bet on that.
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This year is the year of reckoning. The promise and blue sky...
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Last
18.0¢ |
Change
-0.010(5.26%) |
Mkt cap ! $6.472M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 18.0¢ | $566 | 3.147K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 445 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 5200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 445 | 0.185 |
1 | 11853 | 0.180 |
1 | 12500 | 0.165 |
1 | 10000 | 0.140 |
1 | 2750 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 5200 | 2 |
0.200 | 24605 | 2 |
0.205 | 9190 | 1 |
0.210 | 41150 | 2 |
0.215 | 13000 | 1 |
Last trade - 10.58am 24/05/2024 (20 minute delay) ? |
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