you´ll find the answers in the "Retail Offer Booklet" as of October 13th
they reserve 81% or A$27 Mio of the proceeds for "Working capital and offer costs". They state: "A significant portion of the working capital raised under the Entitlement Offer is intended to be applied towards the settlement of existing accounts payable." (page.17) Further they say "...in light of the funds raised by the Institutional Entitlement Offer, the Company will havesufficient funds to adequately meet the Company’s current commitments and short-term working capital requirements.However, it is highly likely that further funding will be required to meet the medium to long-term working capital requirements of the Company. " (page 17/18)
AHQ Price at posting:
4.2¢ Sentiment: None Disclosure: Not Held