Looking at the half year accounts they had around 16m of cash or undrawn debt available. They aren't spending big dollar right now and could probably negotiate to push out creditors slightly if they were that desperate. That's how I formed that opinion.
I hope this thing flies but still some water to go under the bridge. Part of the attractiveness of this company when I originally invested was the tightly held register. In this case that's not been great given the SH dumping large volumes.
Why is the price 13cents. It's not because of fears of dilution due to equity raising.
PNL Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
