As of 31st March ENV had $879,000 in cash plus $1.5M from the capital raising
Use of the $1.5M is outlined below (Not for Brazil)
So only $879K left for Brazil and that is the cash they had 2 months ago.
So how much have they got now? $500- $600K ?
For an active exploration company, $500- $600K is peanuts and gets burnt very fast.
Seems only logical that another Capital Raising will be required, say before EOFY.
Do the math.
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Last
0.6¢ |
Change
-0.001(7.69%) |
Mkt cap ! $9.474M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $2.222K | 368.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 57661598 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 15864224 | 16 |
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| Last trade - 10.54am 16/09/2025 (20 minute delay) ? |
| ENV (ASX) Chart |