Whilst I have had some doubts recently, this is solid positive tick from NAB. Increasing working capital loan from $3.2 to 5.2m and the revolving leasing facility by $400k. With the kerfuffle over at CAN, NAB wouldn't be throwing good money at bad here I believe. Must be liking the B2C growth and contracts signed under the order book + 12/24 month outlook (B2B + B2C).
The $5.2m is currently undrawn, so looking as if it will (likely) be drawn down at somestage this coming quarter or two, for Terpohgz launch and also for increases in staff costs for the large harvest from Apr-late May.
Probably not enough to move the dial until quarterly results.
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