RE: Buys or sells???17 Apr 2023 23:47
"Taking into account the net proceeds of the Minimum Capital Raising, existing resources and the Company's ability to implement identified actions to improve margins and realise ongoing cost savings, the Board expects to have sufficient working capital until the third quarter of calendar year 2023, assuming that performance is at the median level of reduced guidance, as contained in the interim results released today, which the Company regards as conservative. The Group's cash runway can be extended beyond twelve months should business performance exceed these levels and/or should either of the Divestment (as defined below) or Strategic Investment (as defined below) complete within the next six months".