In my opinion no capital raising is to be expected. Their debt levels are a bit high especially with the new debt from SOL but it should be considered manageable at the present moment. Profits should be OK to cover debt and interest.
"Expectations of a modest Operating EBITDA profit for 1H2019 compared to an Operating EBITDA loss of $1.8 million for the prior corresponding period despite the incurrence of non‐recurring legal expenses and an increased investment in research and development."
Last year result was a loss around 5 million.
PAL Price at posting:
$1.33 Sentiment: Buy Disclosure: Held
