I'm not really sold on the great achievement of having $30 Million dollars on the order book and basically having no cash as per Sep quarterly to proceed with such a works program, plus the $1 Million dollar debt facility, how this is going to be enough cash to run an ASX listed stock as a going concern, I'm not sure of.
I'm a small Business, a few years ago having a debt facility of around $400k, plus a small Overdraft, and believe me I ain't turning over anywhere near $30 Mil.
Something is just not adding up here, money is surely going to be tight, unless they can somehow increase the debt facility to $2 Million in the least, or a CR in the New Year.
You would think the banks may back it up with a RIO deal in the least
Ann: Rio Tinto Awards SIMPEC A$4.5M Contract, page-10
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.13M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 198351 | 3 |
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| Last trade - 10.36am 01/10/2024 (20 minute delay) ? |
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