The company has outgrown this credit facility of $20m.
Even if they were to draw down $500k every 10 days,it would only give them $1.5m per month.
A big cap raising is the only way to access the large quantities of cash needed.
We are probably going to end up with around 350m shares on issue after cap raisings,convertable notes and management share issues.
I think this is a mighty effort for a small cap that was struggling against the breeze 12m ago.
All the best.
- Forums
- ASX - By Stock
- AZZ
- overview
overview, page-27
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)