"They have at least 3 RBL offers tabled, but don't want the terms to be dictated to them. They have enough cash (current burn rate is about $1.5M/month) so they will hold out. My guess is if they do, it won't be till early next year."
How bad could the terms be if they would rather do a CR (which is inevitable if no RBL)?
They can now do a CR for $30M. That's 20 months worth at $1.5M/mo cash burn. One would suspect that they have a shorter horizon than that to spend the money.....did they say on what?
Ann: AGM Presentation to Shareholders, page-8
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AOK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $2.689M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $33.68K | 8.427M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 18593048 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 2298445 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| AOK (ASX) Chart |