WLD
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2.99% 6.9¢ wellard limited

They are probably solvent. My back of the envelope calcs are...

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  1. Keiran91
    52 Posts.
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    18/07/17
    15:54
    Post #: 25934370
    They are probably solvent. My back of the envelope calcs are below

    Cash @ 31/12 $15M
    Cap Raising $52M
    Proceeds for Sale of Outback $18M
    Total $85M

    Minus the Loss: $65M

    According to the above I'd think they have around $20M cash available.

    As always DYOR
    WLD Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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