Banker NAB $40m loan facility and as of 31 jan head room of $6m and $14m in cash = total liquidity of $20m. No contracts announced for 6 months, so the $20m cash is burnt paying a div and running the show over feb, mar, apr and part of may (3.5 months) and bank will not Increase loan facility or worse calls in the loan. It's a CAPITAL RAISING. Why else suspend the shares. This gives time to sort out the raising or find a new banker. I estimate there is at least $25m Net debt so that would be the bear minimum capital raising.
Ann: Trading Halt , page-12
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