Just on looking at the recent Qrtly, they have $530,000K on hand, are anticipating $274,000 outflows for the next quarter.... so roughly half... so we'd have 2 quarters before we'd be on the bread line. I'd assume a lot of news prior to needing to raise so it should be at a much higher SP. However, if you look at the market cap we could handle a fair bit of dilution before it became a problem. I'd probably welcome some more dilution as it would put a bit of liquidity into the SP... if I wanted to buy 200K worth right now I'd line wipe all the way up to 1.7c. which makes it hard for anyone to take big bites. So a smidge of liquidity might do us some good.
Not saying I want giant walls built up but it might be better to be able to do a bit of volume without re-rating the entire company its a balancing act.
Besides I never know why people get wierded out by CRs. that's the name of the game in this end of the town, imo.
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Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $7.175M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $20K | 5M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 19505374 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 9763372 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2200000 | 0.006 |
9 | 8299899 | 0.005 |
6 | 3650000 | 0.004 |
3 | 2622888 | 0.003 |
3 | 4000100 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 2536904 | 6 |
0.008 | 3066187 | 5 |
0.009 | 1057001 | 6 |
0.010 | 5904545 | 3 |
0.011 | 500000 | 1 |
Last trade - 10.06am 26/11/2024 (20 minute delay) ? |
NAE (ASX) Chart |