Should still be enough for a few quarters... over $2M still I'd say ($2.5M end of the last quarter). There's no need for a "cashflow" CR... the only reason would be a GOOD reason (e.g. fast tracking expansion at India plant). I would be extremely surprised if they raise prior to some positive announcements.... but this is small cap ASX and anything can happen.
With such low liquidity, as can be seen, it only takes a seller of a few million shares to hit hard. If I needed to, I guess I'd consider doing the same. Personally, at this point in my life, I'd rather lock in profit and pay the tax rather than locking in losses... each to their own.
A wealthy mate told me when I was younger... paying a lot of tax really sucks, but it means ya made a lot of money.
Someone else's capital loss this year will hopefully be my capital gain in the future.
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