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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16.0¢ |
Change
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Mkt cap ! $16.42M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $10.55K | 68.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 95487 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 14391 | 1 |
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| HCL (ASX) Chart |