Really,
The company received a boost of $50 mil equity placement from Ganfeng Lithium end of March 19. As far as I can tell that US $100 mil senior debt bond facility has all been used up, ie AUD:USD foreign exchange rate which is reflected in the cashflow report as $141 mil. The coupon rate is 12% pa with interest payable quarterly in arrears.
So it seems to me that YES cashflow is an issue and skeptical before get in if a potential CR is on the cards.
The sell product isn't covering the cash outlays from what I can tell too.
Capital Raise Query, page-11
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$2.87 |
Change
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Mkt cap ! $8.623B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.92 | $2.78 | $53.11M | 18.61M |
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| No. | Vol. | Price($) |
|---|---|---|
| 63 | 310301 | $2.86 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 158628 | 72 |
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