I think they just needed cash quickly to secure the drill rig and didn't want to use the reserves from the last raise and go into the next 3 months with almost no cash.
If the seismic was ready to release to market and the drill rig owner / operator didn't want a letter of credit for $3M then things would likely be different. It's a very dynamic situation for IVZ right now as I'm sure you will appreciate. Cash is king, and for all we.know.thd instos will cap this until the big raise.is.done.
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Last
6.7¢ |
Change
-0.001(1.47%) |
Mkt cap ! $101.6M |
Open | High | Low | Value | Volume |
6.9¢ | 6.9¢ | 6.7¢ | $87.62K | 1.285M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 405865 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 639754 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 405865 | 0.067 |
5 | 362766 | 0.066 |
6 | 589319 | 0.065 |
4 | 488350 | 0.064 |
3 | 264618 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 639754 | 5 |
0.070 | 913194 | 7 |
0.071 | 1064037 | 10 |
0.072 | 1002000 | 8 |
0.074 | 242618 | 2 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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