Cant help feeling that this may not be all bad news. I suspect that the IPO was probably pulled because of the SP dipping so low which became a situation of virtually giving away half of the company to raise the funds. Having said that they need money so wouldn't have pulled out without another option.
I suspect that a funder has been found that will not be providing the same amount of cash, possibly enough for 9-12 months cash flow instead. They can then list on the Nasdaq next year once fundamentals are in order and a better market cap is evident.
I cant find on socials any staff posting about losing their jobs so hoping that Craig has some good news this morning.
We wait.... as usual.
- Forums
- ASX - By Stock
- Ann: Trading Halt
Cant help feeling that this may not be all bad news. I suspect...
-
- There are more pages in this discussion • 2 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 CDX (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.88M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 33080 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.055 |
2 | 190536 | 0.054 |
1 | 12650 | 0.053 |
3 | 219578 | 0.052 |
3 | 137000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 33080 | 1 |
0.062 | 83300 | 1 |
0.063 | 130000 | 1 |
0.064 | 130000 | 1 |
0.067 | 148955 | 1 |
Last trade - 16.12pm 13/09/2024 (20 minute delay) ? |
Featured News
CDX (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online