I think if the share price holds over the 0.14-0.16 mark a cap raise will take place post the 1H results announcement...auditors can't sign off on the account on a going concern basis (favourable) unless accounts and future cash follows healthy.
based on last sep quarterlies if the burn rate continues could be needed.
ideally a cap raise would be announced with favourable news
just my opinion but I see this happening as with any other exploration coy
External News & Commentary, page-2184
Add INR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $356.4M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.5¢ | 14.5¢ | $70.52K | 471.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 86365 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 546825 | 15 |
View Market Depth
| Last trade - 10.49am 09/09/2024 (20 minute delay) ? |
| INR (ASX) Chart |