Now that the announcement is out, I guess I'm allowed to do a what next.
Sorry to say but based on the further announcement about the new facility, I think we will more likely than not be up for another capital raising this year. My reasoning for this is as follows:
1. Relocation costs will be fairly high (shifting machinery etc)
2. Additional rent expense for new premises while still renting old premises.
3. New staff, or paying old staff more for relocating
There is a chance this will not be needed, if either the company can source a loan (based on the contract), or the NSW government provides some money for the relocation.
Anyone care to discuss that. Obviously don't want to push down the jubilant mood from the contact announcement, but feel this should be discussed, as it will affect the share price.
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