Finally CAPITAL RAISING!
According to AFR's Street Talk -
"Contango is said to be planning a placement of about $4 million as it embarks on growth initiatives.
They are said to include several new exchange traded funds and recruiting a head of distribution and a team in that area. The size of the raising may also suggest that Contango is on the look out for acquisitions. "
No mention of the cash flow short fall? At current cash burn rate equates to $500,000 a quarter or $2 million bucks a year? Nor the skinny cash position on the balance sheet, after allowing for the $750k loan.
Come on, its more about repairing the balance sheet than growth and acqusitions?
There has been zero mention in the AFR that CGA got pinged by the ASX on its cash flow. Street Talk DYOR
- Forums
- ASX - By Stock
- APL
- Ann: Trading Halt
Ann: Trading Halt, page-2
-
- There are more pages in this discussion • 2 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 APL (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $7.908M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 14.0¢ | $11 | 77 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 28000 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28000 | 0.140 |
1 | 30000 | 0.135 |
1 | 2659 | 0.100 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 100000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 12.03pm 09/08/2024 (20 minute delay) ? |
Featured News
APL (ASX) Chart |