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.
My number is based on the net cash balance of $23.4m at the end...
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Last
$1.06 |
Change
-0.035(3.20%) |
Mkt cap ! $236.3M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.12 | $1.03 | $17.14M | 15.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 58485 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 13700 | 2 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |