I would say that all the capital was used to repay the bridging loan. The questiona are as follows:
1. How much of the initial $30m raised in october last year has been squandered?
2. How much cash is there really in the bank?
Even though the assets that were acquired with Iberian for a valuation in the $100m mark and now apparently have a book value of approximately $0.00,
3. what is the cashburn in these areas,
as obviously they can't just close the doors and walk away, they must still have people who are being paid and other commitments.
This will provide the answer to question of liquidity.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.96M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.5¢ | 2.3¢ | $57.72K | 2.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2631575 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 1371331 | 7 |
View Market Depth
| Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
| SMM (ASX) Chart |