Currently there are 339 million shares on issue.Prior to capital raising there were 135 million shares on issue .The company raised about 340 million dollars assuming most took up their entitlements plus the extra shares on offer.Not 100percent sure of the take up.End of December 19 they had about 60million in debt which could have blown up to 100 million by now.This would leave about 240 million in cash at the moment. About 70 cents cash per share .If business starts to pick up valuation will be adjusted accordingly
WEB Price at posting:
$3.11 Sentiment: Hold Disclosure: Held
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