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7.0¢ green technology metals limited

Ann: Trading Halt, page-48

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stevenrushbrook

1,821 Posts.

916

07/12/23

18:13

Post #: 71333409
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Originally posted by WhatsTheTip: ↑

Had $16.94m not have $16.94m. The September Quarterly balance was $16.94m. It also showed that last quarter $8.5m was spent across operating and investing activities.

Any expenditure level close to $6m in the Dec quarter would have created an under 2 quarters remaining cash at current spend levels flag. GT1 must be pretty close to spending $6m in the quarter. So assuming stevenrushbrook is correct and 99% of the time when details that precise are given they are correct, GT1's bought time for the share price to improve for the larger capital raising exercises needed for Seymour. This CR probably should have been done a month ago!!

Lesson learned, however much you like a company, the double witching of shares coming out of escrow and probable near-term capital raising can severely dent the short-term share price.

Now we just need to see whether the news of the PEA / Mining Lease is strong enough to offset the negative's of low price capital raising.

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Good management would have arranged for the escrowed shares to be taken off market . Anyway I won’t post here again. Good luck to all

GT1 Price at posting: 28.0¢ Sentiment: Buy Disclosure: Not Held
4 Upvote

0 Great analysis

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(20min delay)
Last 7.0¢		Change 0.000(0.00%)		Mkt cap ! $22.52M

Open	High	Low	Value	Volume
7.0¢	7.0¢	7.0¢	$7.318K	104.5K

Buyers (Bids)

No.	Vol.	Price($)
1	36015	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	36015	0.069
2	5410	0.067
1	2538	0.065
1	50000	0.064
2	55633	0.063

Price($)	Vol.	No.
0.071	100000	1
0.072	131148	2
0.073	51836	2
0.075	1000	1
0.077	2356	2

Last trade - 15.52pm 23/07/2024 (20 minute delay)

GT1 (ASX) Chart

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