They haven't borrowed from the Chair just yet, and they have guided Q4 will be cash positive so there's no need to raise or tap into debt. If they wanted to raise or tap into the money they would have already.
The question is whether they can go into FY25 being self sustaining or will they need to borrow eventually. With the way things are going unless operational leverage kicks in, they will need that chair money at some point. I am hoping to be wrong.
They haven't borrowed from the Chair just yet, and they have...
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.947M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101639 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 8300 | 1 |
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| Last trade - 10.00am 17/05/2024 (20 minute delay) ? |
| 8CO (ASX) Chart |
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