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.
There was no issue with the side track I'm aware of. I am just...
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Last
5.6¢ |
Change
0.002(3.70%) |
Mkt cap ! $79.40M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.7¢ | 5.4¢ | $153.5K | 2.775M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49999 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 5.7¢ | 35000 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
5.7¢ |
Change
0.002 ( 5.17 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.8¢ | 5.3¢ | 999121 | ||
| Last updated 15.36pm 14/06/2024 ? | |||||
| IVZ (ASX) Chart |