It’s very unlikely they’ll get debt finance without at least 30-40% equity contribution. The typical debt to equity ratio is 70/30 and at the very best 60/40.
I don’t know how they’re going to raise $30-40m in a few days so I’m tipping this is another smaller CR, perhaps in the order of $5m. The participants will likely be offered a decent discount but will be assured of good news flow. So we’ll see a lower CR price around .08 but news will follow sending the SP rocketing.
Stock standard raising IMO.
The blue sky scenario is that they go massive to a cornerstone partner at a premium to market. Pretty low odds IMO.
It’s very unlikely they’ll get debt finance without at least...
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0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.68M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $12.53K | 4.176M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 77 | 77035987 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 1000000 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| VML (ASX) Chart |