PH has shown that cash in the bank, long runway, x quarters of cash etc don't play into his decision making. He could launch a CR at any time and the 100mil available currently isn't going to last very long. I think you're absolutely right that a diminishing share price could make him move faster but has he ever really shown concern about the dilution from his raises?
A few billion shares at 4c isn't impossible.
Media Thread, page-13977
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Last
5.5¢ |
Change
0.003(5.77%) |
Mkt cap ! $404.2M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.7¢ | 5.2¢ | $802.5K | 14.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 348447 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 1214875 | 6 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |