We'll get an update Monday Jacky - which is only that however it will be positive. We know they are aware of excellent progress being made in the critical closure of debt/equity and remaining off takes that for now is not finalized and thus can not be released to the market.
Anything else people are best to use the two remaining business days to put their questions forward for Monday's quarterly seminar - such as is management looking to raise equity sooner than retail anticipate - prior to debt facility closures/remaining off takes because their well informed insto short buddies are sure positioning themselves for such and another great escape - premature to suggest anything however it could have already been advised to those in the know - just going on past evidence and thinking out loud - look at BS yesterday with the 18.5c buy order rising significantly all day and taken out to a intraday low of 18c - meanwhile the 19c sell side remained the same being topped up slightly all day by the manipulators.
Remember the previous BS SPP was apparently to top up finances until end of June when Nolan's financials/off takes were to be closed out! Debt component was to be closed out by March. We hope they have been more prudent with cash expenditure as advised in that last quarterly webcast.
As advised throughout the quarter the board now stacked and key project management stacked - when do they now think the bank will be stacked to get on with construction? Given they want to use equity first prior to drawing down debt - well that equity takes time to procure and finalize perhaps at least 2 months - therefore if management are awaiting debt closure - off take closure to realize a higher SP then call on the equity insto's and retail - we could be waiting a further 6 months in total.
Whom knows - I'm no finance commercial accountant. The debt facilities when finalized could be converted to very substantial gains whilst AUD very low - much of it could be parked into zero risk - high interest term accounts accumulating similar or even more interest than the favorable govt - other debt providers terms are - leaving that commercial debt facility on higher terms for final draw down? Can someone ask and confirm what path they will take to all investors. I will try - my last question! did not get through maybe!
Looking forward to Monday - not so much Friday's 18c close! at this rate of manipulation where they have been churning and stuck on 18.5c for a while although the Israel attack secured them from panic sellers late last week.
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Last
17.8¢ |
Change
-0.003(1.39%) |
Mkt cap ! $431.2M |
Open | High | Low | Value | Volume |
17.5¢ | 17.8¢ | 17.5¢ | $236.6K | 1.352M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 752741 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 1571069 | 35 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 752743 | 0.175 |
26 | 753890 | 0.170 |
30 | 1568928 | 0.165 |
46 | 1548830 | 0.160 |
31 | 2338425 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 1571069 | 35 |
0.185 | 1607918 | 37 |
0.190 | 1460576 | 28 |
0.195 | 963545 | 22 |
0.200 | 1633128 | 24 |
Last trade - 11.24am 11/10/2024 (20 minute delay) ? |
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