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.
They're $10m in debt with no revenue streams. The money they...
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Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $10.35M | |||
| Open | High | Low | Value | Volume |
| 4.8¢ | 4.8¢ | 4.8¢ | $1.68K | 35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 457000 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 30000 | 1 |
View Market Depth
| Last trade - 10.02am 24/05/2024 (20 minute delay) ? |
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Last
4.8¢ |
Change
-0.002 ( 2.04 %) |
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| Open | High | Low | Volume | ||
| 4.8¢ | 4.8¢ | 4.8¢ | 1190 | ||
| Last updated 13.11pm 24/05/2024 ? | |||||
| DEL (ASX) Chart |