Cap raise best outcome, although would be highly dilutive to SH.
Administration would be second last resort if SBM could not raise the funds/enough funds.
Have a look at how WMC played out, they raised ~$63M in a cap raise and then went into administration 5 weeks later. Debt was only $50M.
I know the circumstances are little different, but you have a business that's losing money and potentially unable to pay its debts as and when. There is only one word - "risk" and one action - "mitigate". Everything else is just noise.
- Forums
- ASX - By Stock
- SBM
- Ann: SLR:SLR Ready to Rapidly Progress Revised Leonora Proposal
Ann: SLR:SLR Ready to Rapidly Progress Revised Leonora Proposal, page-26
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
27.5¢ |
Change
-0.010(3.51%) |
Mkt cap ! $225.0M |
Open | High | Low | Value | Volume |
28.0¢ | 29.0¢ | 27.5¢ | $1.221M | 4.366M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 151200 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.275 |
13 | 283577 | 0.270 |
7 | 337811 | 0.265 |
6 | 146999 | 0.260 |
5 | 281695 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 151200 | 3 |
0.285 | 326107 | 6 |
0.290 | 974464 | 31 |
0.295 | 1315212 | 14 |
0.300 | 1627068 | 36 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
Featured News
SBM (ASX) Chart |