Q3 resulted in a loss of over $2m!! That has left them with $992k in the bank, down from $3.3m at the beginning of Q3.
Q4 is estimated to have cash outflow of about $4.3m, similar to Q3. Understanding they are due to realise 80% of the $700k sale of their rent roll in Q4, they will top up about $560k in the account. But they will likely run a loss of about $1.5m again for Q4. Which means they will be very close to depleting all of their cash reserves, so a CR seems to be the only way will remain solvent at this stage!
And now their is conveniently a trading halt for 2 weeks so the company can asses it's capital position?! Not looking good!!
Q3 resulted in a loss of over $2m!! That has left them with...
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $24.78M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.2¢ | 1.9¢ | $15.85K | 796.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 227631 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 584107 | 7 |
View Market Depth
| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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Last
2.2¢ |
Change
0.001 ( 9.45 %) |
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| Open | High | Low | Volume | ||
| 2.0¢ | 2.2¢ | 1.9¢ | 236021 | ||
| Last updated 15.59pm 12/06/2024 ? | |||||
| VR1 (ASX) Chart |