(Postscript)
It just occurred to me that, somewhat perversely and ironically, there stull remains a slightly better than 50% chance, imo, that management may need to tap the market for the remaining available 200-210m available new issuance headroom prior to Completion.
Why?
They can bank $1M right now, taking the updated current cash balance to ~$2.4M. Setting aside ~$1M-ish as a min. cash float buffer leaves ~$1.4M free cash available runway to last between now and Completion, which will occur sometime AFTER, say, the next 60-90 days(?), remembering that the first 30-ish days will be consumed in finalising the formal sale agreement.
It'll be tight.
In fairness, if push came to shove and POS"s liquidity got squeezd too much, there's probably a decent chance that CE at MIN would(?) come to the party and assist with a small ST bridging loan in order to protect the viability of his outstanding basement bargain deal.
- Forums
- ASX - By Stock
- Ann: Binding Heads of Agreement for the Sale of Lake Johnston
(Postscript)It just occurred to me that, somewhat perversely and...
-
- There are more pages in this discussion • 125 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add POS (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $12.54M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $13.84K | 4.613M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
110 | 64348762 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 52711233 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
110 | 64348762 | 0.003 |
31 | 59863052 | 0.002 |
22 | 92592753 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 52411234 | 28 |
0.005 | 37590091 | 21 |
0.006 | 8998000 | 12 |
0.007 | 8518277 | 9 |
0.008 | 1800000 | 1 |
Last trade - 15.54pm 09/09/2024 (20 minute delay) ? |
Featured News
POS (ASX) Chart |