SEN will have to do a placement to survive and ask yourself would you take up a share offering just to keep them alive? They had $5 mill in the bank June 30 2006 in their annual report and there cost of operations is about $6 mill a year. So with deferred payments from SFNT they probably have in the bank a couple of million dollars or enough to last another 4 months.Not counting extraordinary costs like the current capital raising etc.They will have to start the placement now to have it approved and complete within 4 months.
Back to 8 cents in the next 6 months I say.
DYOR
its hard to stay positive and, page-10
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Last
1.5¢ |
Change
-0.002(11.8%) |
Mkt cap ! $23.56M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.5¢ | $4.858K | 301.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1438672 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 219578 | 1 |
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| Last trade - 15.59pm 16/08/2024 (20 minute delay) ? |
| SEN (ASX) Chart |