I hear many talk about the Sale of Raven Project nets Pryme A$6.5 million...however if we glance at the latest quarterly we see a loan facility fully drawn down of $7,816,000 so after this quarters cash outflow, in essense the company will have very limited cash on hand...after debt around 900K by the looks....
With almost 1 billion shares on issue..this is looking a bit expensive IMO...and that is why the market has marked this stock at .007/.008 and looking to fall to around .005 short term....cheers
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- $7,816,000 in debt
I hear many talk about the Sale of Raven Project nets Pryme...
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