The biggest worry has been the debt payment to be made on 31 march. By my calculation, prior to the renegotiation,the y have at out 10m to pay hence the need to get a bridging loan from IMC.
The extension of loan repayments by another 9 months is a positive and provided that they don't ask the company to do a raising now as a condition of extending, then, the stock is dirt cheap. I don't know what "various conditions" mean And whether that means a capital raising or something else.
MOY Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
