@rmrm06if you dont already a good addition to your process is...

  1. 6,370 Posts.
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    @rmrm06

    if you dont already a good addition to your process is checking for a company's cash on hand.

    if you want to know if they had a recent cap raise you can refer to section 3.1
    https://www.asx.com.au/asxpdf/20200731/pdf/44l16gcbcltp14.pdf

    they had around 1M Thats a bit low so there was a chance of a cap raising.

    This information might have useful in your decision making process. Whether to do go in hard or wait a bit.

    they did estimate that 1m would have been enough for 4 quarters? But still one million.
    I normally like companies that hold more.



    https://hotcopper.com.au/data/attachments/2452/2452286-2a86fc10db8bba98b3431e21e80b9516.jpg

 
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