Hi Cashman,
You could be right about the cash burn rate.
only 2 or 3 weeks till we know either way for sure.
As for the calculation to work out a new share issue, what you describe is about right but only for stocks that have some reasonable current trading history.
ADO share volume and share transactions are far from appliacble to put in nicely.
And again millions of shares in the recent past where issued at 2.0 cents . . . and the share price was clearly much much higher. Good luck to those buying in the "open" market :-)
is ado a buy ??, page-43
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $49.36M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $20.25K | 965.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 2123219 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 219010 | 2 |
View Market Depth
| Last trade - 15.46pm 24/07/2024 (20 minute delay) ? |
| ADO (ASX) Chart |