Hey retired Young,
The automotive expenditure is taking into account the fit out and completion of the Waurn Ponds facility which is new expenditure against an evolving market, it's not just to cater for the newly acquired contracts, but to build a genuine automotive manufacturing and an R&D facility for RapidQure to take into the future. So yes they need the money up front to build that capacity. Deakin buying in at 15c is a big vote of confidence in the company and seems Soul will take up it's full allocation and then some if it's not fully subscribed. This doesn't occur without some faith in management, however like all investments you need to consider the risks and whether you can cover that risk in your own portfolio.
Cheers....
Hey retired Young, The automotive expenditure is taking into...
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Last
27.5¢ |
Change
0.020(7.84%) |
Mkt cap ! $19.72M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 28.5¢ | 24.5¢ | $36.29K | 137.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 5888 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| QHL (ASX) Chart |