With the share price now under 10 cents, and if the next round of news can not keep the share price about 10 cents, I do not see more than about 25% of holders who receive the 9.1 cent options, taking them up.
I have estimated that there will be about 1.25 million left from previous cash that would have been left at the end of the current quarter, plus the 600k from Chia, and any 3.5 cent options that get exercised.
So that would leave at least 2 million for Bull drilling plus what monies received from 9.1 cent options that are exercised.
As most of the placement funds would go towards the main project, being the Paradox basin project.
I'm happy with that outcome, but more funds the better for exploration of the other projects.
With the share price now under 10 cents, and if the next round...
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $141.7M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 10.8¢ | $155.2K | 1.406M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9092 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 228057 | 4 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
-0.005 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.3¢ | 10.5¢ | 1353347 | ||
| Last updated 15.59pm 19/04/2024 ? | |||||
| ASN (ASX) Chart |