Hmm is your point that DSCR is 0? It requires a positive EBITDA as a numerator. But yes, tens of millions more in capital raises to come to pay down all of that debt.
Fun fact, did you know since listing in 2017 CAN has done $168m in capital raises? All of that for revenue of $8m in the last half (and a loss of $19m) and $65m of debt that needs to be repaid. If anyone ever writes a book on wealth destruction in Australia I'm sure CAN will warrant a look-in.
Management sure did have a rosy view of where things were going in the short-term back on 29th January 2020:
Ann: Half year results presentation, page-61
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
