Really struggling to get my head around this - they have drawn down the second $5M debt facility to $10M total - and they have $18M cash in the bank. So, really they have $8M cash in the bank.
Surely you don't draw down until you really need the cash. So why do they need the cash now? What are they spending it on?
Really struggling to get my head around this - they have drawn...
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Last
8.4¢ |
Change
-0.003(3.45%) |
Mkt cap ! $59.40M | |||
| Open | High | Low | Value | Volume |
| 8.6¢ | 8.6¢ | 8.4¢ | $62.21K | 733.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 124510 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 133519 | 1 |
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| Last trade - 15.57pm 02/10/2024 (20 minute delay) ? |
| KSN (ASX) Chart |