G'day
Chartwise I've noted the possibility of another breakout, just not happening though. Latest announcements sound pretty good, heres a section from the latest.
any comments
Cheers
Rod
I've had a dabble
CASHFLOW
The Directors nmde a statement in the 2002 Annual Report that Powerlan wasthen
secking additional funding. The Directors now belicvc thcrc is no requirement for such
funding. They believe that cash inflows from contracted business are suflicienl lo
prnvide the basis of the intended funding requirements and that forecasled cash inflows
are sufficient to allow Powerlan to pay its debts as and when they fall due and that
Puwcrlan is solvent and has no reason to believe rhat it will not continue to be solvent. It
should also be noted that should an additional buffer be required the Chairman has
provided a $2.2m line of credit to Powerla secured by his personal assets.
- Forums
- ASX - By Stock
- good announcements but no breakout
G'dayChartwise I've noted the possibility of another breakout,...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)