CR9 14.3% 0.8¢ corella resources ltd

Ann: Appendix 4C - quarterly, page-10

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  1. 188 Posts.
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    I don't think a CR is likely this year. If revenue doesn't grow then the current cash will last another 2-3 quarters, and if it continues to grow then the current cash will probably not run out at all. But even if the cash does run out the company doesn't have any debt yet so should be able to borrow without too much drama (assuming revenue is growing and likely to keep growing of course).

    A CR at current prices would have a very high cost relative to debt so could only possibly be justified if debt could not be attained. And if debt cannot be obtained then it would be foolhardy to partake in the CR at these prices! So let's all hope that revenue keeps rising, and that the price keeps rising, and that a CR if it happens is to grow the company even faster at much higher prices than now.
 
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