Yes.. They will certainly need more money at this burn rate. But would they actually use it for exploration as previously outlined? Where are the results and so forth from the previous 3? All IMO of course.
If they were forthcoming with the drill and exploration results and updates etc, the SP may be a lot higher and people may be converting their Options giving the company cash flow. Alternatively they could get an off take agreement or let the likes of Adroit or others into the board with cash to get the project moving.
Yes.. They will certainly need more money at this burn rate. But...
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Mkt cap ! $3.211M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $170 | 60K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 17 | 20037984 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.3¢ | 8061885 | 5 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.2¢ | 450000 | ||
| Last updated 15.44pm 16/05/2024 ? | |||||
| AHN (ASX) Chart |