After last Q released we all have confirmation that Verte and financing by Chinese is a dead track.We all knew, but is was not confirmed officially yet.
Either due to a totally unknown Verte and or to low offers, we will not know.
However drop in SP is more surprise than Q report but offers new changes.
Mak should start a low cost , small scale operation, financed by customers to create cash flow without dillution of shares and prove Wonarah quality is ok and productionable.
If they sell TNT part and cash in 2 q's BCD part, they will have some cash to start up Wonarah.
Ending up with a large Chinese party for a to big dillution for a to low price is no alternative either.
Nevertheless managements reputation is on the brink at this point and they must work 24/7 to gain confidence and support.
After last Q released we all have confirmation that Verte and...
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1.0¢ |
Change
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Mkt cap ! $27.04M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $70.33K | 6.762M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3701653 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 4629026 | 6 |
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| AEV (ASX) Chart |