ADR 12.5% 1.4¢ adherium limited

Hi JamwolfThanks for pulling me up on that and my apologies....

  1. 2,443 Posts.
    lightbulb Created with Sketch. 213
    Hi Jamwolf

    Thanks for pulling me up on that and my apologies.

    Outflows quoted were for AHZ which I was also looking at, not ADR.

    They had $1.2m in cash at the end of Q1 and as you say had forecast $1.875m in outflows for Q2.

    What's your view on the raise?

    ADR is very tightly held and on the numbers above you'd expect the sp to be more like $0.005 than a couple of ticks below the raise price so it is still well supported. Given the need for the cash I am going to subscribe for my allotment plus extra given buying at a discount on market won't help with them improve their cash shortfall.

    Thanks again for the correction


 
watchlist Created with Sketch. Add ADR (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
-0.002(12.5%)
Mkt cap ! $10.62M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $2.688K 186.9K

Buyers (Bids)

No. Vol. Price($)
2 269000 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 28527 1
View Market Depth
Last trade - 10.10am 09/08/2024 (20 minute delay) ?
ADR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.