They're $10m in debt with no revenue streams. The money they would of reported would of just been from Yarra Valley. It's a $50m project, of course they're going to have cash Injections but it's a liability as they need that money to complete the project. The company is being propped up by EPC contracts that will most likely go over budget. I just see this report as them trying to make themselves look good when in fact it's not even their money. They owe $5m to Palisade after the deal broke through and the $2-3m loan that on a ridiculous Interest rate of circa 20%. All these new people coming in being like 'Am I missing something?' haha. Go Invest in a healthy company. This isn't one.
DEL Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
