I think this is the most likely situation. With the $80m debt funding facility available and current cash position, they have to be taking on something new for this cap raise to make any sense whatsoever. If it's just to "sure up" a greater cash position with no resulted outcomes, this will be met with a very poor reaction.
I think this is the most likely situation. With the $80m debt...
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $95.79M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.7¢ | $283.4K | 7.476M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 170012 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 1551842 | 6 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
-0.001 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.0¢ | 3.7¢ | 1978368 | ||
| Last updated 15.24pm 27/05/2024 ? | |||||
| QPM (ASX) Chart |