fingers crossed that is the final result, but my reading (as indicated in my original post above) is that SIT ends up with 5%
if Punta's share of SGH is being paid for by the existing loan of ~USD6m, then SIT receives a net amount of ~USD4m (AUD5m) which will not be enough to cover trade creditors and also the Armada loan, so even though that I believe would be better for SIT shareholders, it still leaves the company in quite a precarious cashflow situation.
thanks for reaching out to the company.....hopefully they will clarify to the market
fingers crossed that is the final result, but my reading (as...
Add SIT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.807M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 15324576 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 22856154 | 11 |
View Market Depth
| Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
| SIT (ASX) Chart |
Day chart unavailable