Looking at their cashflow statements there appears to be enough cash to last them another 12 months.
However, they are not going to run their reserves down to zero, so a cap. raising will likely arise within the next 6 months.
I personally would expect some more announcements around there phosphate and potash projects to come to market prior to a raising, but we'll see.
In any case, considering the low mkt. cap. and rate of spend an initial raising of ~$2 m could be quite adequate at this stage of their development and would not change the underlying value equation much, if at all.
Cheers
SBC
- Forums
- ASX - By Stock
- cash critically low: cap raising soon
Looking at their cashflow statements there appears to be enough...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online