It's unlikely the company produced an investor update without some form of capital raising in mind.
the recently published financials point to a squeeze in the near term.
CRs are typically done on a volume weighted average price over an immediate short recent term.
so its good to see a bounce from around 40 cents/share over the past month or so.
friday's close at 57 cents and trading over the past month suggests a VWAP in any CR would be well in excess of 40 cents.
this would minimise dilution - always a shareholder concern - in the event a CR is announced.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
27.0¢ |
Change
-0.025(8.47%) |
Mkt cap ! $14.48M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 27.0¢ | $8.376K | 30.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 830 | 1 |
View Market Depth
| Last trade - 12.28pm 07/07/2025 (20 minute delay) ? |
| IME (ASX) Chart |