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Ann: US Bank Partnership - Axiom Bank, page-31

  1. 398 Posts.
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    Funding - Wonder what if any funding will be required for further US & LATAM expansion? Been no CR since March 2020 at 5c
    A 15% raise at 10c would raise around $6M AUD or 4.4m USD
    OR Debt finance - If need be, taking on some debt to ensure the strategy is funded is good. The balance sheet could handle a 5m USD facility and CCA has a few banks on their contact list. Earnings look solid to finance.

    With the SepQ21 report due 31/10, revenue & cash flow will be on show. Costs in JunQ21 were around 2.5m USD. That cash buffer of 4m USD 30/6/21 ??
    Last report had good indications of sales & project pipeline for first half FY22.

    Great announcement on US expansion and look forward to successful onboarding of new US clients. CCA is building a great business.










 
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