Do they even need a loan/debt facility to expand more aggressively into NSW? As per the last 4C they have $4mil in available funds (including undrawn portion of directors loan). With Qld operations likely cash neutral and heading toward profitability they could easily afford to set up a satellite NSW office and hire further sales staff. Even if they spent a $mil on this they would still have plenty of spare change to spend on conversions.
Ann: October Operational Update, page-118
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Mkt cap ! $23.42M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $1.879K | 12.05K |
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| 1 | 38359 | 15.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 10587 | 1 |
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| LPE (ASX) Chart |
