I rekon CR first, bad deals are made in when low in cash flow and desperate. Too risky to rely on R&D to see them through, they might capitalise on this recent pump to get a higher 10 day VWAP.
If thats the case could be a CR by this/next week... There was massive volume on the June 4th jump in price, price has only gone down since that pump so to get the VWAP they could look to raise 10 days from the 4th which is Wednesday June 17th.
Just my opinion though and could be completely wrong, they might ride it out to R&D if they're confident they will get a build in before cash flow runs out.
I rekon CR first, bad deals are made in when low in cash flow...
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $235.4M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.8¢ | 4.8¢ | $1.581M | 29.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 145959 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 485060 | 4 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| FBR (ASX) Chart |