My number is based on the net cash balance of $23.4m at the end of Dec quarter, and assume (again, based on the soft estimation in that presentation) the cash will be further reduced by now.
Not saying APX will be cash-zero now, but for operation safety buffer the company definitely need cash injection by now or shortly after, unless a transaction is well advanced and a TO pending.
So my guess is: either a TO will be announced soon, or an equity raising is on the way, by CR or a large , new facility.
Best looking chart on the ASX, page-66
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Last
46.5¢ |
Change
-0.010(2.11%) |
Mkt cap ! $103.6M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 47.5¢ | 46.5¢ | $467.5K | 997.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 282250 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 5000 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |