SOR have 1.7m cash in the bank.
i think theres a chance they could raise more funds before christmas.
surprised they capped the Sept SPP at 1m and that was at 6c.
they could do a big institutional placement and raise about 2m.
not saying it will happen and as a current SH id prefer they didnt, but it's the CFO's responsibility to keep the cash balance healthy and ive seen many companies take advatnage of times like this and raise funds while the interest is sky high, from the company's perspective, its the prudent thing to do.
if Behemoth drilling fails, they will need more cash to drill Leviathan and to keep the robotics BAU going and they wouldnt want to be raising at 5c
all imho !
- Forums
- ASX - By Stock
- Ann: SOR Investor Group Presentation
SOR have 1.7m cash in the bank.i think theres a chance they...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SOR (ASX) to my watchlist
|
|||||
Last
4.2¢ |
Change
-0.004(8.70%) |
Mkt cap ! $19.68M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.1¢ | $26.97K | 626.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 32871 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 97871 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32871 | 0.042 |
3 | 474048 | 0.041 |
10 | 583050 | 0.040 |
2 | 262693 | 0.039 |
3 | 259000 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 97871 | 2 |
0.046 | 11419 | 2 |
0.047 | 28884 | 2 |
0.048 | 200000 | 1 |
0.050 | 19890 | 3 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
SOR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online