Page 7 annual report
Financial risk and going concern
Titan’s growth is reliant on having sufficient finance and cashflow to fund asset and working capital requirements. The Group’s core financing is currently provided through cash on hand and cashflow from operations. The Group continues to investigate new financing arrangements, capital raising options and/or asset divestments in order to provide additional funding whilst the present challenging market conditions persist. There can be no assurance that additional funds may be available, or asset sales can be executed on acceptable terms or at all and in these circumstances it is likely that Titan would become insolvent and unable to continue as a going concern.
AUG Price at posting:
4.8¢ Sentiment: None Disclosure: Held
