based on the half yearly accounts, they have $33M in loan bills (ie bank debt), $12M owed to vendors and a sundry $10M in trade payables and other payables (including dividend provision). Anyone hazard a guess at how much they need to inject? A lot. Even if the vendors were all to convert their debt to equity (at say 5c/share), then that's 240 million shares. That's not even touching the debt due at end of October. A c-note is possible, but at what price with the sp wallowing so low and the only possible catalysts being a resolution to the funding issues...
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based on the half yearly accounts, they have $33M in loan bills...
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