Have never seen cash at bank increase after posting such a huge operating cash outflow. Borrowing to increase cash equivalents is a new clown show moment. Let’s increase our borrowing costs unnecessarily.
Not to mention a new classic financing facilities footnote:
A Utilisation Notice has been served under the working capital facility with A H Meydan Pty Ltd but, as at the time of lodgement of this Appendix 4C, funding has not yet been received.
Is Meydan as the key equity and debt provider finally blinking?
OPY Price at posting:
19.5¢ Sentiment: Sell Disclosure: Not Held
