Exactly. I think some people here have been stuck on so many shit cap raises that they don't understand the difference between a useless cash cap raise and giving equity to a company that can help progress and build the business.
Look at what GL1 has done in the past 12 months, they had plenty of cash, but when CATL came knocking were they gonna say, No thanks not interested we have enough cash on hand? Or what about when MIN wanted a stake in the company? Should they have said nah, we are good we have enough cash?
Cap raises to grab cash when they are burning massive cash is bad, but giving equity to large partners who can help the business is a GOOD THING.
Lets hope we finish this week in the mid 80's as the weekly chart is looking good for the next leg up.
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Last
9.6¢ |
Change
-0.002(2.04%) |
Mkt cap ! $30.88M |
Open | High | Low | Value | Volume |
10.0¢ | 11.0¢ | 9.6¢ | $242.7K | 2.354M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22000 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.6¢ | 85624 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22000 | 0.092 |
2 | 30940 | 0.091 |
2 | 211077 | 0.090 |
1 | 100000 | 0.089 |
1 | 45454 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 85624 | 1 |
0.100 | 93000 | 1 |
0.105 | 79332 | 1 |
0.110 | 150000 | 3 |
0.115 | 25000 | 1 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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