If you can you read and understand the balance sheet and its associated notes, a capital raise isn’t required and with $280m+ in the cash with a cash burn currently at $4m per month it ain’t required in the short to medium term.
Of the $256in borrowings, $130m is long term bank debt therefore not payable in the short term whilst the remaining $126m is unsecured convertible notes - they convert to shares in 2027! In other words, they don’t get repaid. They pay 2.5%pa ($3.15m pa) to the holders unless they want to convert to shares now (which they can do as from Nov 2020 following shareholder approval).
When investing in shares it is important to have an understanding of financials and how to read them.
WEB Price at posting:
$4.93 Sentiment: Hold Disclosure: Held
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