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.
A further thought on capital raising is that the FY23 report...
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $13.34M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $1.176K | 9.383K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32417 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 44770 | 2 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| HCL (ASX) Chart |