SIV

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CaptainBarnacles

11,092 Posts.

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21/03/19

14:52

Post #: 37840391
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Originally posted by Munnass ↑

frustrating thing here is that all current and prospective shareholders are not buying, they are waiting for this equity raising. meanwhile the share price has gone south as investors are worried about the capital raise and being dropped from the index hasn't helped.

to me the business still has a good amount of cash to fund operations, they are reducing overheads, it's cash inflows from its assets cover it's cash outflows to pay liabilities, and if spending on new growth really slows down they should be able to maintain their cash pile. this assumes the assets aren't overstated, and you'd think (hope) after two rounds of write downs they are stated conservatively.

what i don't like is they seem to have this head in the sand - they had one advisor (ironstone) now Morgans - they should have seen this situation as a risk and bitten the bullet on a pro rata rights issue a while back.

how long does it usually take to prepare the pro rata rights issue offer doc? I'd have thought it's quite quick to do given accounts are audited. so my question is why haven't we seen anything? pro rata rights issue seems the most logical way to go here

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Takes a long time to arrange if nobody wants to underwrite it or put their cash at risk possibly.

SIV Price at posting: $1.19 Sentiment: Sell Disclosure: Not Held
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Last 14.5¢		Change 0.000(0.00%)		Mkt cap ! $6.866M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	573	15.0¢

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Price($)	Vol.	No.
16.0¢	3724	1

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No.	Vol.	Price($)
2	573	0.150
2	193000	0.145
1	7140	0.140
1	100	0.120
1	6250	0.080

Price($)	Vol.	No.
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0.165	25000	1
0.175	4488	2
0.180	440	1
0.200	33808	2

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Turn Around, page-43

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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Turn Around, page-43

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Immutep reports strong response rate from immunotherapies treating carcinomas

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Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News