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Ann: Appendix 4C - quarterly and Commentary, page-9

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melenova

626 Posts.

29/10/15

19:50

Post #: 16286353
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Originally posted by Wini ↑

Very interesting.

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.

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Agreed. A bit peculiar.
My best guess is that they are acquiring Sprooki. The acquisition of Sprooki by Stanfield (SFN) was recently terminated.

SKF Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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