Before they worry about developing UG they will need to thing about creditors.
$25m owing at December. Would have to be close to $35m given the losses incurred over the last 6 months.
If they do a CR, it would have to be around 3.5c. Double the shares on issue and you raise about $26m. This is an incredible wipe out of SH wealth and some continue to praise management.
Amazing!
Before they worry about developing UG they will need to thing...
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)