As expected, they had no cash to make a debt repayment and instead had to draw down further to cover the cost of running the business. This company is burning through cash and has nearly tapped out the facilities available to it, not surprising to see them reach out to Radium to get some cash in the door pronto. They still have > $8m in debt repayments to make by the end of the calendar year.
It looks like the lions share of the recent buying is being done out of one retail broker (Commsec), insto are all selling. I wonder who at Commsec it could be hmm. At least they haven't entirely lost the plot and appear to be selling as they go e.g. buy a big batch to push the price up and then sell into the other retail punters that follow the action. Sorry for crappy quality, photo of a monitor lol.
CAN Price at posting:
13.5¢ Sentiment: Sell Disclosure: Not Held
