"Larger sized deals." In Q2 announced report Paul Hill stated we have a robust pipeline of M & A opportunities of all sizes and are intent on completing more transactions with a particular focus right now on larger sized .deals Further from Q2 are the following statements made:
At end ofQ2 working capital quoted at 138.5
cash balance of 122.7 million
So if we take off 75 million advance to ETC we still have the following
Cash 47 million 122.7 minus 75 = 47 million
Working Capital 63.5
Now from the above my observation is as follows:
We are not company needing to borrow at present to finance current operations as working capital is sufficent to meet current needs IMO.
Now look at statements made by Paul mainly intent on more transactions a particular focus right now on larger sized deals.
I refer to words ---more transactions not singular transaction and FOCUS RIGHT NOW ON LARGER SIZED TRANSACTIONS.
So based upon Pauls own words why if we did not need cash loan for current operations ,why
do we need to raise limit from 75 to 200 million and a additional 50million if not for larger deals.
Does Paul execute on plan for larger deals? The ducks are in order.
That my take based upon Q2 report to shareholders.