Can someone update me on the current DEBT levels of this company, it is a little hard as quarter cashflow accounts are not released.
The company recently stated they have paid off $14M of bank debt, so given on 6 NOV 2017 presentation announcement they held DEBT of AU$ 8.08M, so after this lastest rights issue, they now hold debt somewhere around AU$6.70M? (assuming) they have not touched their renewed revolving line of credit DEBT facility?
With oil prices under pressure, it would seem likely that we may now come under further selling pressure , and given that huge 10M individual sell order at 1cent, all in all this is looking very shakey.
Thinking out loud, i would like other holders opinions on the above?
Thank you.
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