Few possibilities
1. Heavily discounted raise (3c to 5c) for $5m to $10m to keep the lights on and prevent going into VA
2. Can't raise anything, go into VA and never trade again
3. Project equity sold for a very cheap price to JV partner along with a equity component
4. Barry locks in a finance deal (least likely possibility)
Option 1 and Option 2 will be the most likely outcome. Best outcome will be SP tank 50% to 70% from 11c. Worst outcome share doesn't trade again and a total write off for everyone.
Few possibilities1. Heavily discounted raise (3c to 5c) for $5m...
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $45.77M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 2.9¢ | $40.51K | 1.307M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 109581 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 225022 | 1 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| CYM (ASX) Chart |