As of the latest Half Year Financial Report:
"$111.2m LIQUID ASSETS
Well-funded with liquid assets of $111.2 million as at 31 December 2024"
Why would a company, that has around 15 - 18 months cash runway consider a fund raising whilst the price is down?
IMO the main reason the share price hasn't reacted so positively today is because in 2 days time with the rebalance announcement due it is likely CU6 will be removed from the ASX 200 Index, and thus more selling pressure in the next couple of weeks.
As of the latest Half Year Financial Report:"$111.2m LIQUID...
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 (20min delay)
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Last
$2.30 |
Change
0.210(10.1%) |
Mkt cap ! $736.1M | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.31 | $2.07 | $5.400M | 2.432M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 6055 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 16710 | 14 |
View Market Depth
| Last trade - 12.27pm 26/06/2025 (20 minute delay) ? |
| CU6 (ASX) Chart |