On the back of that $10 million raise at 3.2c, the company still has a pulse. The share price would be 0.5c as a result of today's announcement if we didn't have those CR funds in the bank. And raising capital at 0.5c wouldn't get us far.
So not sure the raise was undertaken based on excitement, but more a strategy for future survival if initial Andover South drilling results disappointed.
Maybe not a bad strategy in hindsight.
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $17.25M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $6.379K | 1.163M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 80 | 47202276 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 8738785 | 15 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| RDN (ASX) Chart |