How to sustain business if keep need money to sustain operations? Will there be a share placement or what?
You open short selling already!
Reply to @tanmingwang : Oh ok .
BTW Alliance still has a $20m loan facility that has not been drawn down yet
Reply to @luanboo : i would much rather they have a rights issue actually. the loan has an effective interest of more than 15%p.a. with no early repayment (13%+libor and a 1.5mil drawdown cost if I didn't remember wrongly). That aside, I don't think they need more money unless they plan to expand significantly this year
Read the latest announcement
I don't think it need to raise funds. It had already shipped $26m worth of spod, will be shipping another $31m worth of spod in the next 1-2 months. Also shipped another $5m of Ta and shipping another $5m of Ta soon.
Reply to @luanboo : Ok. But I rather but those companies with growth and give dividends.
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