A capital raising or new debt facility is more likely than not to manage their working capital requirements for the new few months.
Half yearly report showed that they had breached their overdraft facility covenant and were required to rectify this by June 30.
Nevertheless even with a small capital raising they are still undervalued.
A capital raising or new debt facility is more likely than not...
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10.5¢ |
Change
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Mkt cap ! $30.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 10.5¢ | $37.56K | 346.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 255413 | 10.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 25000 | 1 |
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