Sadly the risk of this becoming another RCR is high. The slides show that after the raise Decmil will have interest bearing debt and cash of about $50m each, i.e. net cash of zero. They then have about $20m more in contract liabilities than in receivables. i.e. it's still in trouble after the raise.
You have to hand it to them though, it looks like they've re-sold the Disallowed yet again.
Ann: Suspension from Official Quotation, page-30
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