Hi Roch2077,
from the last quarterly cash flow report as at 30 September the company had $45.526 million cash available.
The company estimated total relevant outgoings per quarter of $18.699m and stated it only had sufficient cash as at 30 September to last 2.2 quarters.
That might take MAY up to spudding however a capital raising is quite likely before they spud early in the first quarter of 2023.
Might even be a reason why the shareprice is climbing again now.
May Chart, page-3620
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.1¢ | $444.7K | 19.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2048367 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1402823 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |