The directors have an obligation to ensure the business has sufficient cash to continue as a going concern. They would be discussing a capital raising right now.
I think we will see this trade lower before we see it higher.
I think there is no rush to buy PNO as we will need 3 to 6 months to see the top line numbers we need to see. In the mean time a raising will need to be at .4c, so I think we will see some people selling out in expectation of this.
Kiril.
I hold.
The directors have an obligation to ensure the business has...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $85.53M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $42.03K | 398.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1631596 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 463235 | 12 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CAI (ASX) Chart |