Legume,
The biggest worry has been the debt payment to be made on 31 march. By my calculation, prior to the renegotiation,the y have at out 10m to pay hence the need to get a bridging loan from IMC.
The extension of loan repayments by another 9 months is a positive and provided that they don't ask the company to do a raising now as a condition of extending, then, the stock is dirt cheap. I don't know what "various conditions" mean And whether that means a capital raising or something else.
- Forums
- ASX - By Stock
- MOY
- calling the bottom
calling the bottom, page-53
-
- There are more pages in this discussion • 23 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 MOY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online