Based on this term sheet, it looks like this was the last available option as regards funding.
Seems like no bank would come near them.
At first glance, the terms look extortionate.
Ann: Debt Facility, page-5
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.82 |
Change
0.015(0.83%) |
Mkt cap ! $474.2M | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.88 | $1.82 | $1.228M | 665.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2825 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 5569 | 4 |
View Market Depth
| Last trade - 11.36am 15/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.82 |
Change
0.015 ( 1.26 %) |
||||
| Open | High | Low | Volume | ||
| $1.87 | $1.88 | $1.82 | 10009 | ||
| Last updated 11.41am 15/05/2024 ? | |||||
| KCN (ASX) Chart |