Big question - looks like HIL's needs to delever by $15-$20m (based on current cash burn, NWC / LVR lend ratio and underlying debt servicing capabilities). Refinanced banking deal due in next few weeks. What will be the outcome?
HIL's really needs to transact immediate asset sales and/or capital raising to address funding gap, thereby giving the business time to reset and the new vendor arrangements time to bloom.
Either way, things get worse before getting better IMO
A new Low, page-3
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