Capital raise must be imminent?....
$800k to spend in the next 12 months on the JV plus the usual admin/mgt costs.
$600k cash in bank, AYR looking for atleast another $1m
Any comments?
I hold drm and in thinking there could be an arbitrage opportunity with its unloved jv partner.
40% of horse well could be worth many multiples of current market cap...but it could fall further with a CR on its way.
Cheers
BHS
DRM Presentation, page-4
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $196.8M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $29.94K | 280.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 109434 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 99990 | 1 |
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| Last trade - 15.36pm 01/07/2024 (20 minute delay) ? |
| STK (ASX) Chart |