I reckon this is a big piece of material news.
They just said that they have enough cash for the next 12 months. The only way this is a raise if it’s coming with a strategic investor and an official announcement of a US facility which would be good. Would be stupid to do it at this price though considering they have cash for operations.
So I’m banking this is good either way but my money says it’s not a raise and we are finally getting some materially significant the news for a re-rate.
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $72.59M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $53.10K | 390.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1050967 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 444210 | 10 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| AL3 (ASX) Chart |