FGE 0.00% 91.5¢ forge group limited

at what level can we expect the cap raise?, page-112

  1. 745 Posts.
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    All we know is that they need cash - most likely to finish the contract for a loss. The allocated cash has been used up and bank has decided that it can't risk much more unless cash is raised in proportion. Even forge power is recruiting, they must have really isolated the issue you would think.

    I have a feeling that there is a sp related covenant that triggers when sp drops. They want to avoid that and so either need to have enough cash organically generated or raised to not breach this covenant. Even if the prospectus is released, I don't think we will resume trading and they will keep speaking about uncertainty!

    All IMO.
 
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