It wasn't. But its definitely part of the plan... fund current stage, expand using cash flow and if needed some additional funding, rinse repeat etc.
Now they are stuck at stage 1 and likely have to raise money to get further unless multiple things work in favour. Not saying they won't - but this isn't the risk I envisioned when I invested.
Ann: Revised Shipping Strategy Yields Substantial Cost Reduction, page-31
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $58.27M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $82.41K | 317.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 76816 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 19999 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| E25 (ASX) Chart |