A further thought on capital raising is that the FY23 report says inventory at June 30 was $25.7m 50% of which is finished product. When any of the orders being chased are landed that finished inventory will convert to cash. Add that to the $6.9m and there does not seem to be an immediate capital shortage. That of course presumes sales happen soon. And that lengthy negotionations on SUAS support complete satisfactorily.
Ann: XTEK Limited FY23 Results Investor Update, page-17
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