"Mesoblast have $113 million in the kitty."
I see someone has been drinking from the "pro forma cash" Kool-Aid barrel.
Now also do the $167m [*] of borrowings.
Following the unsuccessful capital raising in December, in which the quantum of capital raised fell well short of the total amount that was sought to raise, the company will need a further additional injection of capital (of whatever sort) by around the middle of this year.
And I hope for the sake of long-suffering MSB shareholders that the capital comes from somewhere other than the equity market because - judging from developments over the past two months - it looks like the equity market door is rapidly closing on the company.
[*] @30 June 2023. We haven't seen the 31 Dec 2023 balance sheet, but that borrowings figure will now be higher.
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9 | 71738 | 1.445 |
9 | 63239 | 1.440 |
3 | 77671 | 1.435 |
Price($) | Vol. | No. |
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