I've been wondering if a left field event might be that EDE secures some debt as an alternative to a Cap Raising. I'm guessing they are reluctant to have an issue at this price and wonder if debt is actually a viable alternative now.
Probably a little earlier than preferred by management to seek debt but I'm thinking it could be worth paying a higher interest rate than issuing more shares, if they can find a lender? I've always been told "Equity is the most expensive form of funding!".
Debt and alternative to Cap Raising
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Mkt cap ! $7.427M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 64 | 190483450 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 7420609 | 14 |
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| Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
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