we should not have to do another CR. At end of December we had $9.2 m in cash plus a further $7.2m in receivables that has been received subsequent to the dec 31 accounts closure. The total net cash deficit from operating activities was to 31 Dec -6.2m for 6 months operating and investing activities -7.2m. If we maintain that run rate of spending it’s still overall positive position. They only have to put some high grade through and there should not be a problem at all. Opening of plant 2 will definitely put talk of CR out of the question, which is why we will rerate on that event. In my opinion.
Plant 1 could operating in April.
The loan to the preference shareholder is due to 12 months time.
we should not have to do another CR. At end of December we had...
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Last
$1.82 |
Change
0.065(3.70%) |
Mkt cap ! $469.1M | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.82 | $1.75 | $1.127M | 632.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2261 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 2123 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$1.81 |
Change
0.065 ( 3.59 %) |
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| Open | High | Low | Volume | ||
| $1.77 | $1.82 | $1.75 | 28507 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| KCN (ASX) Chart |