Ok Mr forensic Acountant!!
1. We are looking at the debt facility of $10M
2. Repayable from sales of product over 12mths
3. Unused finance facility at end of quarter $9.75m ($250 used so far) Point 7.5 in Quarterly
Point 1, the company has only exercised $250k to cover the cost of sales thus far!! You are making all this noise over $250k?? Really?? OMG the world has ended!!
Point 3, SKN have $9.75M of the $10M still available and unused!! THEY HAVE ONLY USED $250k SO FAR!!!!
Point 2, Repayable from sales of product.
Read it - Repayable - from - sales - of - product!!!!
As they sell the product they are then liable for that portion of debt!!
Also, if you look at the heading Production Funding on page 1 you'll see that Custodian have increased the debt facility from $1M to $10M. What does that tell you?? Custodian are confident in lending SKN the $$$!!!
There is no need for me to ring the company as I do not require clarification. I suggest that you ring HO and you get them to explain the quarterly in a way that you can understand it!
Best of luck!!
- Forums
- ASX - By Stock
- SKN
- The most likely senario
The most likely senario, page-60
-
- There are more pages in this discussion • 57 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SKN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.357M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $1.115K | 278.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2492259 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1346784 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2492259 | 0.004 |
9 | 7909093 | 0.003 |
2 | 835000 | 0.002 |
12 | 7802106 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1346784 | 4 |
0.006 | 461008 | 1 |
0.007 | 1457000 | 2 |
0.008 | 200000 | 1 |
0.009 | 30000 | 1 |
Last trade - 15.56pm 01/10/2024 (20 minute delay) ? |
Featured News
SKN (ASX) Chart |
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online