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
I think if the share price holds over the 0.14-0.16 mark a cap...
Add INR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $514.2M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.5¢ | $634.6K | 2.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 98593 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 682999 | 10 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| INR (ASX) Chart |