The Goldman Sachs facility is actually a receivables warehouse facility and while it does highllight some confidence by lenders it is secured against the assets which are the receivables of the company so it is not like these funds are generally available to the company in the ordinary course of business.
We desperately need the next Appendix 4C to see the cash balance and available finance facilities. Unfortunately this is not due until the end of February. Market can clearly see ANOTHER highly dilutive capital raise coming and are berating the company.
OPY Price at posting:
72.5¢ Sentiment: Sell Disclosure: Not Held