depends, the company should be back to cash flow positive and with the Macquarie centre opening this month revenue should be even higher. I don’t think a cap raise is necessary to continue normal operations.
however I believe a cap raise would be necessary if they were to acquire or launch new products/facilities. IMO If you were to wait around for a cap raise in this scenario you could be missing out on big gains. But don’t take my word for it please DYOR!
Ann: Appendix 4C - 30 Sep 21 and Quarterly Activities Report, page-7
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