Exactly,
The co has 12 mill already sitting in the bank, they will now have cash in the bank and be ungeared.
It seemed the market didnt like them having any gearing so they decided to raise enough to get gearing down to zero.
There was talk that one of their financers had changed the terms and rabobank would be pulling out of Aus, those concerns are now gone.
There is no need to raise capital again and there will be no interest repayments.
News expected in Decemeber and the SPP and then more news first quarter next year will see plenty of interest in this stock and if the EU bans north sea tuna expect prices to run up hard.
Exactly, The co has 12 mill already sitting in the bank, they...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.28M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $2.553K | 18.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 3997224 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 317638 | 14 |
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| Last trade - 12.36pm 15/07/2025 (20 minute delay) ? |
| CSS (ASX) Chart |