According to the Quarterly Cashflow announcement, at the end of the December quarter BLZ has a grand total of $84,000 in the bank to pay for their ongoing exploration and administration.
I guessing that there will shortly be a "Please Explain" letter from the ASX landing on the desk of the BLZ Company Secretary as to how they expect to finance their ongoing operations (assuming there isn't an ASX letter burning a hole there already).
Needless to say that a Capital Raising will be difficult prospect when the buy/sell spread is $0.001 : $0.002.
please explain
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.142M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 400000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1628565 | 4 |
View Market Depth
| Last trade - 09.49am 04/12/2024 (20 minute delay) ? |
| BLZ (ASX) Chart |
Day chart unavailable
