Have not read HUO's announcement yet but my best interpretation is that the total A/R from Huon of 17.5M which is already reduced (on RIC's B/S by the 1M provision) will be settled for a payment to RIC of 12M. In this way, HUO claims compensation of the difference i.e., 4.5 M and RIC claims a win-win with the receipt of the remaining 12 M which is cash flow positive.
It should all come out in the wash with June 30 statements but I see both announcements intentionally unclear and both companies owe more to the intelligence of their S/H than what they presented. Cheers.
Have not read HUO's announcement yet but my best interpretation...
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Last
$2.81 |
Change
0.040(1.44%) |
Mkt cap ! $795.8M | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.84 | $2.78 | $617.6K | 219.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 11555 | $2.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.82 | 7909 | 15 |
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| Last trade - 13.35pm 28/11/2024 (20 minute delay) ? |
| RIC (ASX) Chart |
