This got my attention because of the steady drop today from open to mid-day. Good and bad news in the annc, obviously. They do have cash and are not burning through it although it's hard to tell given they have sold assets over the last few months. Cash is nearly $4m and mc at 2.2c is 11m. At least thy are in no immediate danger of going under. Not a good time of year to bring out such an annc but they need to advise the market of this rather than upset asic and wait for the half yearly or qtly. Looks like the selling aint done yet, but it could turn soon. Coming out of this with a better focus is the positive.
CSS Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
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