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
12.5¢ |
Change
-0.003(1.96%) |
Mkt cap ! $36.2M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $30.54K | 237.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 545888 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 124729 | 4 |
View Market Depth
| Last trade - 14.42pm 10/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
-0.003 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 13.0¢ | 13.0¢ | 12.5¢ | 31460 | ||
| Last updated 14.51pm 10/05/2024 ? | |||||
| AVA (ASX) Chart |