Given the state of the iron ore market and this companies ambition to be a producer - they need to realistically reassess if moving forward with the current proposed spending of $5M per quarter whether it is worthwhile. The commissioning will need at least another $10m, over and above what they have and if they cant get it then STOP !!! put everything on hold and hang onto their existing $9,000,000 - shareholders need to know decisevily what is going to happen when they run out of money - a capital raising at these levels will be disasterous.
stop spending our money
Add TYX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $13.15M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $48.47K | 12.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 247599 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 12462592 | 24 |
View Market Depth
| Last trade - 12.45pm 09/10/2024 (20 minute delay) ? |
| TYX (ASX) Chart |