SGL ricegrowers limited

second qtr. activity report

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
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  1. pski
    824 Posts.
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    31/01/05
    21:31
    Post #: 773588
    Released after market at 8:23PM.
    Had a brief look. Currently have 15million in bank, estimated outflow for the Third Qtr. is 9.3 million revenue is approx 800k.

    I have a feeling the company will require some further capital in the next 6 months, either through the issue of more convertible notes or an institutional placement. Might be time to sell this one and buy back later?

    Any idea's guys
    SGL Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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