There was no issue with the side track I'm aware of.
I am just pointing out the black and white where SM said side track was fully funded.
Both can't be right, IF, you believe the cash spend last Q is completely down to MK2 + ST drill then SM either lied at the time about side track funding OR they have some forward spend in the last quarterly.
I agree now is not the ideal time to do a deal but something has to give on the funding front.
The argument then becomes what is best for shareholders?
I certainly haven't given up hope they get the rights issue extra over the line at 13c. No way anyone could buy 13.5 million$ worth on market. The sp would be mid 20's in no time at least IMO.
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6.2¢ |
Change
-0.003(4.62%) |
Mkt cap ! $87.91M |
Open | High | Low | Value | Volume |
6.7¢ | 6.7¢ | 6.1¢ | $269.7K | 4.305M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5998 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 11689 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5998 | 0.062 |
6 | 300263 | 0.061 |
16 | 1970075 | 0.060 |
5 | 813558 | 0.059 |
2 | 38188 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 11689 | 2 |
0.065 | 284129 | 3 |
0.066 | 165000 | 2 |
0.067 | 180926 | 3 |
0.068 | 494634 | 1 |
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