Funding could still go either way in my opinion.
Alot will depend on the ability for the company to build some cash in the next 2-3 months. If they can demonstrate that capacity, then access to lending should be easier. And that sounds like the plan.
ie generate $15-$20M in the green from December -> start of March.
Finalise new agreement with financiers in March/April.
Into Federation for June.
On the other hand, if December was the blip and we continue to run at breakeven (or a loss), then financiers are hardly going to be queuing up without getting a slice of the company.
I'm cautiously optimistic here. A whiff of no capital raising being needed will put a rocket under it.
Funding could still go either way in my opinion.Alot will depend...
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Last
19.3¢ |
Change
0.008(4.05%) |
Mkt cap ! $321.0M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 19.0¢ | $405.8K | 2.118M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 7 | 599116 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 19.5¢ | 985771 | 22 |
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| Last trade - 11.25am 15/05/2024 (20 minute delay) ? |
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Last
19.3¢ |
Change
0.008 ( 5.19 %) |
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| Open | High | Low | Volume | ||
| 19.0¢ | 19.5¢ | 19.0¢ | 383848 | ||
| Last updated 11.40am 15/05/2024 ? | |||||
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