I wonder if the small placement may be security for the $2M debt facility?
I agree with Blake..I noticed they have sufficient cash for 50% of 1 quarter (requiring justification to ASX as to how they will operate). Their response however was 'she'll be right mate, don't need any more" Suggests to me that the operations are highly cash generative.
Bit disappointed at the market's reaction to the quarterly. Looks like we just need to wait a bit until others wake up how good this may be.
I wonder if the small placement may be security for the $2M debt...
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