AUR 0.00% 0.9¢ auris minerals limited

HOR... 1m undrawn debt, but also 1m drawn debt... with no cash...

  1. 42 Posts.
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    HOR... 1m undrawn debt, but also 1m drawn debt... with no cash to pay it off!

    Just had a look at the last Annual Report... scraping through as a going concern by the skin of their teeth!! And you know what happens when that rug gets pulled!

    A deal for them must be right around the corner, or they are at imminent danger of going into administration. Certainly makes for a great bargaining position if someone tried buy their flagship asset or form a JV over it... or otherwise get a piece of it.

    https://hotcopper.com.au/data/attachments/5925/5925960-c651e6ee5130e4bb8e493d46fa81c8d5.jpg


    Last edited by SpecWrangler: 31/01/24
 
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