They have a decent amount of runway, unless their burn rate has upticked substantially for some reason? I'd certainly hope to see some decent quarters before they went for any more dilution.
While I'm certainly happy to hold for the long-term, I don't see the company's strategy as taking it anywhere near a $1bn market cap any time soon, nor should it be aiming for one IMO. I'm mostly expecting a moderate consolidation / sideways run until we either get closer to another raising round or some persistent sales tracking through.
Ann: Share Purchase Plan Substantially Oversubscribed, page-40
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $54.02M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $83.40K | 593.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 747072 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 69382 | 4 |
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| Last trade - 12.22pm 04/09/2024 (20 minute delay) ? |
| AL3 (ASX) Chart |