A cap raising will just be a blip with this stock IMO.
If they have one at all. Its lumpy income this business.
They are expecting a marked increase in revenue starting next quarter.
Cash at end of last quarter was 1.8 million
Estimated outflows this quarter 1.2 million
plus inflows........? same as last...? $150 000....?
Still leaves $750 000 - maybe not too skinny if you know more is coming.
This is normal for this business.
I can't see them seriously diluting them and us so maybe a small placement.......?
Most likely followed by or coupled with a killer announcement......?
If that's the scenario I wouldn't want to be locked out.
Even 36 millon of the 45 million total avaiable options are in escrow for another 18 months.
I'm guessing dilution is not their game plan. Looks more like they are protecting themselves
from a lowball hostile takeover bid IMO. DYOR.
A lot of the above is pure conjecture and is in no way financial advice.
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Last
42.0¢ |
Change
0.018(4.35%) |
Mkt cap ! $66.59M |
Open | High | Low | Value | Volume |
38.5¢ | 42.0¢ | 38.5¢ | $9.685K | 23.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 57097 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 25594 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2923 | 0.400 |
1 | 50000 | 0.395 |
1 | 90000 | 0.385 |
1 | 80000 | 0.365 |
1 | 100000 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 9507 | 1 |
0.440 | 3512 | 1 |
0.445 | 2482 | 1 |
0.450 | 16593 | 2 |
0.490 | 7881 | 2 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
ELS (ASX) Chart |