Another thought!
If we assume that the $A20.2m bank debt is secured against the, as yet, unconverted 643 million shares we can deduce that the bank is invested at an average price of 3.14 cents/share ( = 20.2/643 ).
Stating the obvious! Friday's closing price of 2.5 cents (to buy) is cheaper than 3.14 cents so they are CHEAP at the moment........
Time to top up............or maybe not.............
DYOR
Another thought!If we assume that the $A20.2m bank debt is...
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024