To me the following commentary from the chairman’s report is quite clear that a substantial equity raise is on the way - this is not going to be debt funded like most holders would be hoping.
Discussions with multiple potential counterparties have taken place and we are well advanced in finalising a funding structure we believe is balanced, efficient and cost-effective. This structure also minimises our exposure to the challenges of inflation and supply chain delivery, whilst optimising the value of our existing infrastructure in the Cobar area.
To me the following commentary from the chairman’s report is...
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $304.6M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.5¢ | $865.2K | 4.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 122831 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 515450 | 7 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| AMI (ASX) Chart |