trading halt. takeover, page-5

I think you may be right Gerkin
Only 786K in bank and debt to equity 86%.
30 rigs to be built.
Great cashflow to come, but they need rigs to provide the service.

Let them get the cash in the bank and then the takeover will be more appealing......or.......someone (Boart) has the money to make it all happen without the raising?

Hmm.....interesting.

Anyway if this co can meet it's target of doubling revenue in the next year I'll be happy because any capital raising will be a distant memory.

Cheers

Snout