I don't think you could have expected any decent financier to have stepped up to the plate to give them a proper financing package on reasonable terms during the last couple of years given the political situation, the Zurich liability and the on-going doubt as to whether it could happen again once TAFTA expires. In my opinion they've been lucky for anyone to come to the party including the two 'shark' loans and the Director's loans - all of them on expected and reasonable terms given the situation - definitely much better than most Managements would have inflicted on shareholders with multiple equity issues. Management may have been at fault in giving false hope to shareholders about getting longer term financing instead of just working behind the scenes to see if anything eventuated.
I don't know if this situation gets any easier for a financier but come this July we should be in a place where they don't really need any financing as they'll be generating some A$2mil/week in surplus cashflow - we've just got to get to July so need Plant#1 to be operational shortly to allay any fears.
- Forums
- ASX - By Stock
- General discussion
I don't think you could have expected any decent financier to...
-
- There are more pages in this discussion • 1,584 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
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
Add KCN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.43 |
Change
-0.025(1.72%) |
Mkt cap ! $367.2M |
Open | High | Low | Value | Volume |
$1.42 | $1.43 | $1.37 | $1.527M | 1.095M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6235 | $1.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.43 | 21521 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10400 | 1.400 |
3 | 16600 | 1.390 |
2 | 45000 | 1.385 |
1 | 4687 | 1.380 |
2 | 29000 | 1.370 |
Price($) | Vol. | No. |
---|---|---|
1.425 | 21521 | 1 |
1.450 | 16956 | 2 |
1.460 | 11973 | 1 |
1.470 | 20000 | 1 |
1.510 | 4642 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
KCN (ASX) Chart |