Could it be that the real problem is the one nobody is talking about? That is, the cash position, and the requirement to pay Graphex $US5m by the end of January. With the diving A$, that now needs $A6m, and, based on the September figure of $4.7m, plus cash burn for the quarter of $2.5m, there will only be about $2.2m in the bank by the end of this month.
So there will be a capital raise requirement requirement of at least $7m to carry through to the end of first quarter, possibly a little more. If they can get a CR away at a discount of only 25% (which would probably be doing well), then we are looking at the issue of more than 40m new shares, a dilution which could worry many holders.
Is there another way?
Cheers, Prime1
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $15.68M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $97 | 9.685K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32949 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 171697 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32949 | 0.010 |
4 | 1992152 | 0.009 |
3 | 351251 | 0.008 |
3 | 542850 | 0.007 |
2 | 410000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 171697 | 2 |
0.012 | 255512 | 3 |
0.014 | 83332 | 1 |
0.018 | 166666 | 1 |
0.020 | 2014245 | 3 |
Last trade - 10.19am 09/08/2024 (20 minute delay) ? |
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