"They have at least 3 RBL offers tabled, but don't want the terms to be dictated to them. They have enough cash (current burn rate is about $1.5M/month) so they will hold out. My guess is if they do, it won't be till early next year."
How bad could the terms be if they would rather do a CR (which is inevitable if no RBL)?
They can now do a CR for $30M. That's 20 months worth at $1.5M/mo cash burn. One would suspect that they have a shorter horizon than that to spend the money.....did they say on what?
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.005M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $480 | 160.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 18222157 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 3698842 | 4 |
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| Last trade - 09.59am 17/07/2025 (20 minute delay) ? |
| AOK (ASX) Chart |