The cash burn rate has decreased significantly since the capital expenditure program concluded.
Secondly, investors are interpreting no news as bad news (no contract wins). Such an interpretation is merely a reflection of negative sentiment rather than an indication of the underlying state of the business.
Thus, I fail to see how "financial update" indicates or warrants interpretation as a capital raising.
The cash burn rate has decreased significantly since the capital...
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Last
23.0¢ |
Change
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Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $55.45K | 242.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113179 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 28075 | 2 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
