Bets are being made on the quarterly and the lack of any progress in 3+ months and the countless missed and still missing self-imposed announcement deadlines (Lanshen deal signed by September was it??) .
I'd be betting on the side of the sellers. Has to be less than $2M cash with literally not a single option for moving forward other than a tiny cap raise that prob won't even get them through another 3 months. This is well and truly dead. Most can't even sell out probably at this stage. Write it off.
A 25c cap raise for $5M would be unlikely to get over the line and will destroy the company anyway. Its finished.
LEL Chart, page-806
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Last
35.0¢ |
Change
0.020(6.06%) |
Mkt cap ! $39.20M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 37.5¢ | 33.5¢ | $50.80K | 139.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7750 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 53000 | 1 |
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| Last trade - 15.20pm 23/08/2024 (20 minute delay) ? |
| LEL (ASX) Chart |