Well here’s the thing.
The current CR is primarily for working capital which includes payments to the BOD and KMP.
Unless they pull a rabbit out of the hat soon, this thing is toast imho.
There is no way in the world that they’ll get another CR away. If I were a betting person (which I’m not), I’bet they won’t get the current CR away as they’d anticipated.
Also beware of the terms “underlying” and “assuming” in their anny to the ASX announcing the current CR.
As I mentioned in another post, D-Day for the APX SP is Monday 18 December.
Propping up the SP during a CR is a tough gig.
I think CEO should be Kicked Out Immediately, page-8
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Last
48.0¢ |
Change
0.010(2.13%) |
Mkt cap ! $107.0M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.0¢ | 46.5¢ | $288.9K | 610.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 105000 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 39990 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |