I haven't looked at this stock for a while (it's been hiding in my bottom bottom drawer) but I did make a note following the last quarterly to check the companies position towards the end of March.
I'm hoping though that some posters with a financial background (or at least a better financial understanding than myself) could confirm my thoughts on the following:-
In the last quarterly it shows the company with a cash at hand balance of $30k with a draw down facility of $250k ($100k which had been drawn down). The terms of the facility was repayment by the 31st March 2015 with a 6% flat interest rate. In light of the lack of options being taken up/converted I can't see the company being able to meet this repayment based on current finance available?
I haven't looked at this stock for a while (it's been hiding in...
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $161.4M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $111.6K | 815.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 465223 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 427321 | 3 |
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| Last trade - 14.48pm 05/07/2024 (20 minute delay) ? |
| LIN (ASX) Chart |