The Group does need to raise additional capital to meet certain current liability commitments (approx. $15m) such as the completion of the Mashala acquisition (86% to 100%). The Group is currently proceeding with a number of financing and re-financing options (eg sale of assets and interests in projects) in order to meet these obligations. Should the Group not realise the proceeds from the current financing options it clearly may not be able to continue as a going concern without restructuring certain liability commitments."
CCC Price at posting:
4.9¢ Sentiment: Sell Disclosure: Not Held