I no longer hold as sold out a few weeks ago as I was expecting a cr.
In November 2023 they got $10.3m plus they carried forward around $3m from September quarter however by end of December quarter they only had around $8m this being 1.5 approx. quarters of funding.
So rough figures means they are burning around $5m per quarter.
So at end of March it would appear only around $3m cash on hand being less than one quarter of cash on hand.
So they will need to raise more than $10m, however this will mean further cash required in very near future to meet the 2 quarters of cash on hand.
If the raise is being done at .036 to raise $11m then over 300m shares will need to be issued.
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3.1¢ |
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0.000(0.00%) |
Mkt cap ! $87.90M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.0¢ | $91.15K | 2.977M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 85000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 622950 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 85000 | 0.031 |
4 | 1086675 | 0.030 |
8 | 2354971 | 0.029 |
6 | 2865000 | 0.028 |
3 | 153111 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 622950 | 3 |
0.033 | 158593 | 2 |
0.034 | 90000 | 1 |
0.035 | 162910 | 1 |
0.036 | 12000 | 1 |
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