I think the writing is on the wall for this one. If they cant stop the negative cash flow within the next three months they will fall short of the plan with the wbc to reduce the short term debt, given the very seasonal nature of the business, i sont see this happening. In the absence of a white knight I dont see much chance for this stock. They can barely service their debt let alone reduce the facility within the timeframe of the lifeline requirements.
This one is a spec day trade at best IMHO
I think the writing is on the wall for this one. If they cant...
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.788M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| CDR (ASX) Chart |
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