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
1.2¢ |
Change
0.001(4.55%) |
Mkt cap ! $31.08M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $8.239K | 743.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 4763816 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 655000 | 3 |
View Market Depth
| Last trade - 15.57pm 12/11/2024 (20 minute delay) ? |
| JRV (ASX) Chart |