RNO 0.00% 4.0¢ rhinomed limited

Chilli,As a former LTH you would probably recall that RD has...

  1. 929 Posts.
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    Chilli,

    As a former LTH you would probably recall that RD has provided credit facilities in the past for several years up to $2m.

    From memory, I don't think these facilities were ever drawn down, or if they were, it was never much.

    Whether it's a lifeline remains to be seen.

    In the interim, it's there if it's needed and/or allows the company to buy time and see what unfolds. I'm sure they will need to do a CR at some point prior to Xmas, but hopefully they can do it at a time & price that's better suited.

    Clearly there's a lot riding on Rhinoswab in the short term.

    cheers

 
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