Not a bad quarterly at all, cash burn wasn't as high as I expected, and there is $2.3m cash in the bank with the R&D receipt coming in October.
Seeing this, the capital raising certainly wasn't urgent, and surely management would prefer to raise higher than basically the 52 week low. I suspect there may be more to this trading halt, possibly an acquisition involved.
Wait and see.
SKF Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
