At current burn rate $3m is cash for one quarter. A fundraising takes time so either process initiated in next month or so or else activity levels slowed down. Depleted cash weakens their negotiating position with any third party. I would have liked Bacchus negotiate something this year but nothing happened. We know this is a potential great story but price is king. We may well go lower and base before another run.
Paterson Region: New road into Rio Tinto’s hush, hush find in Pilbara, page-143
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Mkt cap ! $100.1M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.7¢ | 2.6¢ | $138.5K | 5.144M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1811085 | 2.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 3580386 | 12 |
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