Given that they burned through $340m in cash outflows from operations in the December half, and they are growing at a huge rate, one could assume that the operating cash outflow in the current half year will be well over $350m if not over $400m. That would wipe out most if not all of the notional cash on the Balance Sheet as at 31st December 2019. Do they need a capital raising? You be the judge.......but it looks like it to me......and there is no time like the present is there? DYOR DDD
APT Price at posting:
$24.04 Sentiment: Sell Disclosure: Not Held