That is the dilemma. The longer they wait and if no rabbit, the sp grinds lower because nobody buys knowing the CR is coming at a discount to the sp. And they can't really go below $500k cash without risking insolvent trading.
On the other hand, more time gives PO a chance to announce a game changer.
I'm my view - if they don't already have a deal on the table ready to sign, do the CR now.
Ann: Quarterly Cashflow Report-NOR.AX, page-57
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.28M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70000 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 32258 | 1 |
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