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2.13% 4.6¢ marmota limited

Why would they need another capital raising now? $10.6m in cash...

  1. rob43
    198 Posts.
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    20/07/10
    13:19
    Post #: 6922068
    Why would they need another capital raising now? $10.6m in cash at Q3 end and only burning $500k a quarter at the moment.

    They last raised circa $4m in November at 14c per share. Can't see them needing to go to market for more money for quite some time.

    Would want the share price back closer to 20c too.
    MEU Price at posting: 7.3¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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