I agree. They shouldn't need to raise funds ATM. Circa $910 in cash, and only burning cash at a rate of $10M pa.
IMO, it is a pump to provide an exit for those that participated in the last CR at 6.4c. IMO, would expect more resistance around that level.
Look at the chart history of this company. It is a Pump'n'dump
So the spin continues..........., page-35
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Last
1.8¢ |
Change
-0.002(10.0%) |
Mkt cap ! $22.00M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.8¢ | $38.43K | 2.096M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1872274 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 440605 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LIT (ASX) Chart |