Probably very prudent of the Company to attempt to cut outgoings considering what is left in the kitty, Though at the current (reduced) rate they will be out of funds in approximately 6 months. What will they do??
1. Heavily discounted and dilutionary placement to "Professional" investors.
2. Offer to existing shareholders with some form of option attachment.
3. Find a JV partner to carry them.
Thats just 3 of the possible outcomes. What ever it is it will be dilutionary and will hurt existing shareholders. I suppose the Company could do a slight of hand and change the point of focus to something new and exciting in the hopes of getting the share price up before going to the market. Keep a eye out for the lipstick if gets heavier and heavier then you will know what's coming.
Probably very prudent of the Company to attempt to cut outgoings...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $20.97M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $25.07K | 214.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 22512 | 1 |
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| Last trade - 15.59pm 05/07/2024 (20 minute delay) ? |
| COD (ASX) Chart |