Has very good business model where it has succumbed to short term liquidity and funding issues over next 4-6 months. Won't get much income coming in during that time until restrictions are lifted.
Need to raise a bit of money though and not sure the appetite is all there at the moment.
Working capital + interest fees + capex + opex for six month liquidity would be something like $300M - $500M for 12 months with no revenue coming in. Unless they completely slash operating expenses, capital expenditure pay down debt and work on shoe string budget then could be $250-350M over 12 months so around 100M share issue give or take. Will be a big one.
Has very good business model where it has succumbed to short...
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Last
$4.67 |
Change
-0.120(2.51%) |
Mkt cap ! $1.687B | |||
| Open | High | Low | Value | Volume |
| $4.75 | $4.75 | $4.67 | $7.395M | 1.575M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7586 | $4.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.67 | 224 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| WEB (ASX) Chart |