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.
As of 31st March ENV had $879,000 in cash plus $1.5M from the...
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Mkt cap ! $14.36M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $16.36K | 1.091M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 365481 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1260150 | 5 |
View Market Depth
| Last trade - 15.32pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.5¢ | 1.5¢ | 1.5¢ | 270000 | ||
| Last updated 15.51pm 14/06/2024 ? | |||||
| ENV (ASX) Chart |