"Since entering a trading halt on 4 November 2013, the Board has explored a range of options, including a POTENTIAL CAPITAL RAISING and alternative funding arrangements, to secure additional liquidity and strengthen Forge Group’s balance sheet. In particular, the Board was focussed on delivering an outcome which could be executed in a short time frame in order to secure Forge Group’s order book and enhance its ability to win new work."
from FGE's report, could this upward surge be related to the cap raise?
furthermore, they also reported "Forge Group has a contracted order book exceeding $1.8 billion, of which approximately $900 million is expected to be delivered in FY2014. In addition, Forge Group has a growing base of Asset Management contracts, a qualified weighted tender pipeline valued in excess of $1.4 billion, and more than $1 billion in active tenders underway."
Is roy hill part of the 1.8 Billion of the contracted orders? or is it part of the 900m expected to be delivered in FY 2014? or is it part of the 1 billion in active tenders underway?
Any comments?
FGE Price at posting:
$1.59 Sentiment: None Disclosure: Not Held
