All I'll say is that I'm glad you're not managing the company if you feel that a $5m cap raise is the way to go at this point. Got to remember that they only need $1.3m of total liquidity to drill O2. Connection only matters in a success case. O3 is not yet agreed. They already have $3m debt - in a failure case the difference between $3m and $4m is a case of semantics. The only way forward at that point imho would be to merge with VEN, consolidate and raise.
Ann: Termination of Keybridge relationship, page-38
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.397M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.568K | 261.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3300000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 6727315 | 7 |
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| Last trade - 13.56pm 20/05/2024 (20 minute delay) ? |
| MEL (ASX) Chart |