Quarterly due by the end of the month- this will be very interesting. PPY are 'on wood' or should that be 'on veneer'!
They had $1.4 million in cash (and about 700k in potential grant money) in the kitty at the last Q report- Sept 30. With a cash burn of about a million a quarter that would leave just $400k at New Year's Day. And probably $1k at end of January.
I said in November (http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1318985&msgid=7438406)
back when the price was 20 something:
"* They've only got a million dollars left plus possibly 700k in grant money (which has to match spending). There are heaps of staff to support- there HAS to be either a white knight (WHO....the Egyptians????) or a capital raising in the next 2 months (my guess CR at 12c ps) or they are cactus."
So.... now three possibilities:
1. A technology sale to Egypt.
2. A capital raising at a deep discount.
3. Insolvency....
All will be revealed soon.
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $4.926M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $25 | 2.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1153635 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 117736 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1153635 | 0.010 |
1 | 300000 | 0.009 |
4 | 678444 | 0.008 |
2 | 610000 | 0.007 |
2 | 750000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 117736 | 3 |
0.012 | 217653 | 3 |
0.013 | 425261 | 2 |
0.014 | 387403 | 2 |
0.015 | 159998 | 2 |
Last trade - 10.06am 02/08/2024 (20 minute delay) ? |
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PPY (ASX) Chart |