They did the $2.5 million cap raise at 4cents back in January which isn't shown in the half yearly financials but all that money was allocated for the next quarter so would probably be gone now.
Prior to that they had an 8 million cap raise in July 2017 which they burnt through pretty bloody quick too.
So with that history then yeah, they would definitely be due for another raise.
Might be sub 2 cent raise the way this is going at the moment.
Mind you if that revenue from their supposed cash crop comes through there would be no worries about another raise. But with no market updates in regards to that crop, it's not looking likely and could be a flop.
- Forums
- ASX - By Stock
- AEB
- Continuous Disclosure
Continuous Disclosure, page-23
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online