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.
- Forums
- ASX - By Stock
- Ann: Trading Halt
I no longer hold as sold out a few weeks ago as I was expecting...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NWC (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.64M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 2.0¢ | $51.31K | 2.523M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 721600 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 250000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 636666 | 0.020 |
14 | 2360541 | 0.019 |
5 | 1190000 | 0.018 |
7 | 2726497 | 0.017 |
6 | 1350000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 767261 | 9 |
0.023 | 1880000 | 5 |
0.024 | 1071217 | 4 |
0.025 | 5315000 | 3 |
0.028 | 132000 | 3 |
Last trade - 15.08pm 18/10/2024 (20 minute delay) ? |
Featured News
NWC (ASX) Chart |