Max,
No they did not have the money. Since the date of that announcement there have been approx 40 mill shares issued with a total of around $100 mill. ( that does not include OW or Sino shares being proposed)
At the end of Dec 2014 they had $7 mill cash left and $6 mill of the loan still available.
So say $13 mill available take off the $100 mill raised since the announcement and you are left with a negative $87 mill cash with the Electricals at $24 mill and two quarters to commissioing at $9 mill quarter which means that statement was wrong by at least $129 million.
So no, they did not have the cash.
- Forums
- ASX - By Stock
- CDU
- Suspension continues !
Suspension continues !, page-724
-
- There are more pages in this discussion • 109 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)