Problem at the moment is another CR is going to be needed soon. Based on expected expenditure for the September quarter of $400K they should be down to around $700K now. Less than 2 quarters left and they rarely wait for the funds to run completely dry. The last placement for $1mill in March was at 2cents. A similar sort of placement now will require the issue of 3 times the number of shares, possibly a 25% dilution. Investors with any interest whatsoever (particularly sophis) see no reason to rush in and buy shares right now. It's unfortunate but the spec sector has been dead for a long time now.
Problem at the moment is another CR is going to be needed soon....
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Last
1.3¢ |
Change
-0.002(13.3%) |
Mkt cap ! $3.997M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $14.26K | 1.041M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 391000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 300000 | 1 |
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| Last trade - 15.43pm 15/11/2024 (20 minute delay) ? |
| AAJ (ASX) Chart |
