I'm beyond disappointed.
On 30/4/24 it was stated there would have been enough cash for 5.3 quarters. BS, given there was a payment of USD5M due on or before April 2024 - Refer to April 2023 T&C of the acquisition of Caldeira. That means that it was expected to run out of cash way sooner than 5 quarters. We were trading at 25c with a solid volume. Why not raising at 20c which would have been already 20% discount?! Of course no, let's wait for the share price to be 60% from the all-time-high and then let's give additional discount to some "sophisticated" investors. What a disgrace.
Ann: Trading Halt, page-46
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $235.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $722.6K | 6.947M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 454000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 367444 | 4 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| MEI (ASX) Chart |