they will need more working capital and want to issue more shares.. as after this point SP will be nowhere near to .13
I have a gut feeling that they have realised their mistake of not keep giving dividends but keep Cash to increase SP..
market cap has to be Cash backed at-least 25% of market Cap.
Capital raise will be between 7-10 mil
DYOR
they will need more working capital and want to issue more...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $34.74M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $2.415K | 20.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 544502 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 47875 | 3 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
12.3¢ |
Change
-0.005 ( 2.08 %) |
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| Open | High | Low | Volume | ||
| 12.0¢ | 12.3¢ | 12.0¢ | 79700 | ||
| Last updated 15.56pm 17/06/2024 ? | |||||
| AVA (ASX) Chart |
