Cap raise best outcome, although would be highly dilutive to SH.
Administration would be second last resort if SBM could not raise the funds/enough funds.
Have a look at how WMC played out, they raised ~$63M in a cap raise and then went into administration 5 weeks later. Debt was only $50M.
I know the circumstances are little different, but you have a business that's losing money and potentially unable to pay its debts as and when. There is only one word - "risk" and one action - "mitigate". Everything else is just noise.
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Last
35.5¢ |
Change
0.035(10.9%) |
Mkt cap ! $290.5M |
Open | High | Low | Value | Volume |
32.0¢ | 36.0¢ | 32.0¢ | $2.901M | 8.422M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 221023 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 487309 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 221023 | 0.350 |
2 | 97857 | 0.345 |
3 | 121197 | 0.340 |
6 | 132216 | 0.335 |
7 | 203000 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 487309 | 19 |
0.365 | 425775 | 12 |
0.370 | 310221 | 13 |
0.375 | 148818 | 4 |
0.380 | 245367 | 11 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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