Fairly disappointing update. Feels like they've essentially kicked the can down the road. What happened to 'coming weeks'?
The one facet of discussion that this update has clearly addresses is 'fully funded trials'. The amount raised last time via the CR means that it might not be fully funded at the current cash burn rate, which is really disappointing. It looks like a CR/SPP to the keep the lights on until the next Government Rebate, then possibly a further CR / SPP to fund further phase 2 or (hopefully) phase 3 testing (phase 3 could be significantly dilutionary event, if it is 20 - 50/100 million is required by shareholders as quoted by a few commentators on here).
- Forums
- ASX - By Stock
- BIT
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-108
-
- There are more pages in this discussion • 68 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BIT (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $49.62M |
Open | High | Low | Value | Volume |
5.6¢ | 5.7¢ | 5.4¢ | $13.80K | 247.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 37000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5 | 0.055 |
3 | 105198 | 0.054 |
3 | 768657 | 0.053 |
5 | 291957 | 0.052 |
3 | 564888 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 37000 | 1 |
0.059 | 62000 | 1 |
0.060 | 465822 | 5 |
0.062 | 50000 | 1 |
0.063 | 105621 | 2 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
5.7¢ |
  |
Change
-0.002 ( 5.56 %) |
|||
Open | High | Low | Volume | ||
5.8¢ | 5.8¢ | 5.4¢ | 173626 | ||
Last updated 15.02pm 05/06/2024 ? |
Featured News
BIT (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
Previous Video
Next Video
SPONSORED BY The Market Online