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Ann: Trading Halt, page-93

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boomeronrations

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07/06/23

11:38

Post #: 68171312
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Originally posted by jb206: ↑

We had 1.1 quarters of funding left last quarter. So I bet this is all about funding.

Options:
Existing senior lenders are not willing to loan more of the Liquidity Facility. We have given ourselves 2 weeks to find more funding.
Existing senior lenders are willing to load more, I don't understand why we need a 2 week halt.
Ex director is considering a take-over hence why he quit.
Another capital raising, although 2 weeks is too long IMO.
Plant has another terrible month, basically failed permanently, will be sold for essentially nothing.
A good month of near target, but not yet cash flow positive.... but why trading halt.
Take over offer from another big player? $50 million is super cheap

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"Take over offer from another big player? $50 million is super cheap"

50 million , plus debt , plus money to get it to production .

Considerably cheaper to do a deal with the administrator/liquidator , provided the plant and process ,can be made to work.

SO4 the template I am afraid.
KLL Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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Ann: Trading Halt, page-93

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