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
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $16.42M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $6.555K | 42.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 118687 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 23200 | 1 |
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| Last trade - 12.58pm 24/05/2024 (20 minute delay) ? |
| HCL (ASX) Chart |