Agree, yes they will need to find the funds for estimated $1.5m re Future Element.
The CR likely to fund progress on other projects as well, plus working capital.
A company needs to be well funded just to get a look in with new projects
I reckon at least $10m to be raised via a placement to existing large shareholders and maybe smaller shareholders will also get the chance to participate
cheers
Ann: Trading Halt, page-6
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Last
28.0¢ |
Change
-0.005(1.75%) |
Mkt cap ! $19.49M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 27.5¢ | $7.574K | 27.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 30951 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 37982 | 1 |
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| Last trade - 15.59pm 17/05/2024 (20 minute delay) ? |
| CNQ (ASX) Chart |