"It seems that they expect to run a small annual profit from now on so probably the cash won't be needed. With $3m in the bank, $6m from the property they can afford to retire debt and have $5-6m in reserve."
As a matter of fact, that seems to be what they are saying.
Ann: 1H FY22 Results Presentation, page-194
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Last
$2.42 |
Change
0.150(6.61%) |
Mkt cap ! $1.670B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.42 | $2.29 | $4.630M | 1.958M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3536 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.43 | 38315 | 8 |
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