Well questioned Ganesha, I couldn't make it either - funny how there was plenty commenting here who were sure and one I can remember was positive there would be a CR before the AGM.
SMA still has cash coming in and have forecast cost reductions, there maybe a point in the future where extra capital (as growth will be pretty flat I believe in the next 6 to 12 months) is needed but I believe they will want to hold out as long as possible for the share price to recover.
Just my thoughts having looked at the preso and chairman's words.
Good luck to you and hoping some one from the meeting can shed light on whether maybe Brian Carr talked about the need for a capital raise.
Thanks Fish
Ann: CEO Presentation, page-3
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18.0¢ |
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Mkt cap ! $30.44M | |||
| Open | High | Low | Value | Volume |
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| ODA (ASX) Chart |