WSI 4.55% 10.5¢ weststar industrial limited

I'm not really sold on the great achievement of having $30...

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  1. 2,425 Posts.
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    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
    Last edited by Key Sole: 18/12/18
 
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