So, in summary:
- Cash has fallen from 31 Dec to now by $2.2 million - so still cashflow negative; and
- Subject to further extensions it needs cash for:
Interest - $2.3 million (plus a bit more for the extra days)
Debt reduction - $65.7 million
Sedgman- $3.2 million
Working capital - $10 million
Raising costs - $0.5 million
Broker Fees - $4.3 million
Total raising - $86 million
Subject to demands of financiers, all by 29 April.
Good luck with that one.
- Forums
- ASX - By Stock
- Ann: Lenders Update
So, in summary:- Cash has fallen from 31 Dec to now by $2.2...
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DML (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online