I tend to agree with the other views that more CRs will be on the agenda for the simple fact that we have not seen Cash flow break even yet and no mention of when that will happen at the AGM.Perhaps 2020 is the year ? Seeing as the cash income is not covering the cash spend its a no brainer that they will have to either borrow from someone or raise more capital through a CR.
I personally dont like the idea of borrowing funds as the interest will be high about 10% and AHZ will have to sign its life away to the lender and give away masses of dilutionary shares etc. The best case scenario will be if in the next six months WP and co can kick plenty of goals and send the share price up to 60 or 80c and then do another CR around that level fully underwritten with 1 for 2 1$ free options attached. Its easier to chip in when your in the green.
AGM, page-221
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