no real detail as to why only $1.5M raised - but Director & existing major shareholder has committed $450k to maintain 30% holding - maybe that was a factor in the value - or maybe they just wanted to minimise dilution for existing holders at this stage...
Here was indicative use of funds:
Oil & Vanadium plant operation and test work - $0.3m
Exploration, environmental work & met mast purchase -$0.9M
Working Capital - $0.3M
Ann: Trading Halt, page-12
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Last
11.5¢ |
Change
-0.020(14.8%) |
Mkt cap ! $17.41M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 11.5¢ | $19.20K | 153.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 186 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 58838 | 2 |
View Market Depth
| Last trade - 14.30pm 09/07/2024 (20 minute delay) ? |
| QEM (ASX) Chart |