RE: H&W still a top high risk / high reward play25 Feb 2023 20:31
So you couldn’t be assed reading this pal.
On 9 November 2022 the Company announced it had executed a term sheet with Astra Asset Management UK Limited (Astra) for a £70m facility whilst working together to increase this to £100m. Following the announcement of Team Resolute's Preferred Bidder status for the FSS and a review of the potential contracted order book for 2023 and 2024, the Company and Astra are jointly working to further increase the new facility to between £150m and £200m. As the Company executes larger contracts, it believes that it is crucial to maintain a significant quantum of liquidity with a larger committed facility that can be drawn down as and when needed.