I tend to agree richard, if they were really in dire straits then I think we would be aware by now. I'm certainly not as upbeat as beans, because if something mechanical was to fail on site, or watpac decided enough was enough in regards to payment, then I think that would pretty much destroy A1.
They are walking a tightrope at the moment, and I think your projections may be a little kind salty. With any luck, A1's will have the creditors paid by end of calendar year and we can move forward from there, hopefully without any capital raisings. I think that would be the best case scenario that can be realistically achieved.
The problem is for that to happen, a lot needs to go in A1's way, but if it does, the rewards could be well worth the risk.
quarterly, page-12
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