The Board has an obligation to cease trading and inform the markets in events of insolvency.
JRV had around $16M cash at the end of July - Safe to say if a deal was not reached they would be insolvent. I will allow them until the US time zone in case there are any lose ends to tie with the Bond Holder. There will either be a further 1 week extention or an agreement to refi/restructure.
Have a good weekend folks.
JRV Cobalt, page-633
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.83M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $12.54K | 913.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1675436 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 538269 | 8 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| JRV (ASX) Chart |