What a failure of the company! Even with $298m IPO cash injection in Dec 2015, the company only has 31m cash after 7 months, and the company is still at the risk of insolvency in Oct 2016. Who would lend them money giving they have never ending appetite for cash. Give them another $300m, they would burn them out in two years.
When I got into the IPO, I thought they got such a big money on IPO, they should not have going concern problem for a few years. But I was completely wrong.
Ann: Wellard Releases Preliminary FY2016 Financial Results-WLD.AX, page-34
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Mkt cap ! $20.18M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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