One would hope it is a reasonable cash up-front deal because these guys are running seriously short on cash according to their last 4C lodged the other day. A burn rate of $1.2m per quarter with $1.2m in the bank. Cutting it a bit fine in my books.
If this doesn't produce up-front cash I can see another capital raising coming through.
Thoughts?
One would hope it is a reasonable cash up-front deal because...
Add PYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $629.9M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.5¢ | $882.8K | 6.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 308603 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 112211 | 4 |
View Market Depth
| Last trade - 10.48am 30/08/2024 (20 minute delay) ? |
| PYC (ASX) Chart |