what a difference management, page-15

I disagree on the cash position HDR had to go to London to obtain cash to fund current projects via the placement. The company said as much. At that time they were unable to fund current projects for the next 18 months.That was not a good sign for the business. Any unforseen problem during that timeframe and they would have been cash strapped. Assets they had, projects they had but liquidity to keep the wheels turning over was running low IMHO. Solution get out while you still can do not go down with the ship