Sorry to see no announcement about an offshore listing. I wonder how many investors were hanging out for this.
No mention of a capital raising, but interesting that they now refer to the 6.5m bridge (now increased to 7m) as mezz debt. I wonder if that still needs to be repaid in 4 months?
The average rate for debt motors is libor + 4.7%. Obviously increases as libor increases.
Bit confused about your comment on cash flow. As the Kansas acquisition has an effective date of 1 oct, I presume the cash flows from that acquisition are included?
Bit disappointing all up I feel. Sorry to say. I really thought the strength in the sp leading up to this pointed towards a good announcement.
IMP Price at posting:
12.0¢ Sentiment: Hold Disclosure: Not Held
