Everyone is desperate atm i think, but in regards to the cashflow we will have to see. I have noticed their deposits at call of 251,000 and cash of 111,000 as per last 5b. The 5b before that had cash at hand of 82,000 and no deposits at call.In that same 5b they had 7,000 of interest paid to them with it annually somewhere around 90,000, they must have a drawdown from Global and i'm not sure when that will cease.
Something has changed as well in regards to issue/placements as per the last one going to the US control account(announcement on the 7/10) which i see hasn't been fed into the market, going off the volume there picking up, not sure yet. Depends how much shows up in US control account on next top20 issue but going off current top20 it has 27m there and imho it's above 28m now from trading there.
They will work around this imho and be viable to continue for-sure, the cash position was worse at 83,000 on hand.
CVI Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
