Smart - you're still on the same old band waggon !
To me as an observer it seems the Coy has raised the funds required to see them through, circa $35m to $37m with potential additional credit stand by facilities if required whilst bearing in mind a decent amount owed to "creditors" is to associated entities so that also provides a different scenario.
A bun fight still exists with a previous major contractor and that has gone to Court which advised the parties "to sort the dispute out" - it seems a deal will need to be done for work done /not done etc etc.
The Coy has had a poor record in paying its creditors however new management has been engaged to fix this so they can move on.
Audited accounts to 31st December'17 have been completed and submitted to the ASX so it seems re-listing may happen shortly.
Lots of Coys have a "credit history" ...... even Governments are slow payers !!
EGS Price at posting:
23.3¢ Sentiment: Buy Disclosure: Held
