They’ll raise capital again either after FY23 or in the lead up to FY23 results Id say. Would say it’d be north of the current price. Mind you the last time Lookhoff said they didn’t need a cap raise, they proceeded with the $4m from Thorney and Smorgon within a month… will be interesting to see what the pathway to funding is like from here. Warehouse won’t happen until post 2024 I’d say.
Ann: QFE Appendix 4E and Annual Report FY22, page-39
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