If adequate cash is not received, including in April, May and June 2023, the group may breach borrowing covenants and/or may not have sufficient liquidity and funds to continue operations. In addition, it may be required to renegotiate with lenders and other finance providers and to complete further debt or equity raisings. There is no assurance that the group will be successful in any potential future recapitalisation and/or refinancing should this be required. If the group is unable to receive adequate cash receipts from customers, or to obtain additional funding as required, it may have a material adverse effect on the group’s ability to continue operating and its ability to continue as a going concern.
EOS Price at posting:
45.5¢ Sentiment: Sell Disclosure: Not Held
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