Still losing money hand over fist, another quarter with another $5.277 million loss. Also drawing down the loan another $5million from last quarter, so now in debt of $60 million.
No way of paying this debt when even with record harvests, they are losing $5million a quarter.
The only way of repaying the debt, cash raises, and this last one didnt work out to well, they were issuing new share to raise approximately $11.7 million, the result? $4.46 million. Trueblood tell us again how the company can just issue shares to pay off the debt, they couldnt even raise $5million at all time low offer price, how on earth they going to raise $60 million?
Future not looking too bright for CAN.
- Forums
- ASX - By Stock
- CAN
- Ann: Quarterly Activities and Appendix 4C Cashflow Report
Ann: Quarterly Activities and Appendix 4C Cashflow Report, page-2
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CAN (ASX) to my watchlist
|
|||||
Last
3.8¢ |
Change
0.001(2.70%) |
Mkt cap ! $17.74M |
Open | High | Low | Value | Volume |
3.7¢ | 3.8¢ | 3.7¢ | $1.578K | 42.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 388855 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 24287 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 388855 | 0.037 |
3 | 47641 | 0.036 |
5 | 4125800 | 0.035 |
4 | 72094 | 0.034 |
5 | 461647 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 24287 | 1 |
0.044 | 325384 | 2 |
0.045 | 341420 | 4 |
0.046 | 44671 | 1 |
0.047 | 149998 | 2 |
Last trade - 11.18am 06/09/2024 (20 minute delay) ? |
Featured News
CAN (ASX) Chart |