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37.5% 22.0¢ clean seas seafood limited

cap raising at 25 with ex date in nov. get in , page-13

  1. Palms7
    362 Posts.
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    19/10/09
    17:00
    Post #: 5800654
    The presentation suggests the cash balance is $0.8m - but I hope it's $12m :).

    In addition to my previous post, the reasons for cap raising beyond need to become debt free are that kingfish sales fell $6m short of expectations (tho back on track now) and credit terms for feed provider (which is a major expense for them) reduced from 180 days to 30 days...
    CSS Price at posting: 28.1¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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22.0¢ 		Change
0.060(37.5%) 		Mkt cap ! $44.28M
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17.5¢ 25.0¢ 17.5¢ $57.69K 274.5K

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