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$1.37 calix limited

In regard to news flow, something positive about Calix from PLS...

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Megafauna

17,110 Posts.

1022

19/04/24

07:35

Post #: 73417381
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Originally posted by Deesof26: ↑

This is very good news. One of the reasons that Calix has fallen since the 1st half result is the cash burn which was around $27mln.. This included some long lead items for the Leilac and Pilbara projects and did not include grant money or some working capital unwind. Sites such as "Simply Wall Street" took the $27mln , annualised it and said Calix would run out of money in 12 months. The $8.4mln they got back today along with some working capital unwind means the cash burn in the 1st half has been overstated by around $10mln. Take into account say another $5mln for one off long lead items and the cash burn could be restated at around $12mln. That would effectively double the 1 year that "lazy analysis" says the company has left.. Plenty of news flow to come before that and this news takes concerns of an emergency cash raise off the table.. Stock looks very attractive here and very oversold..

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In regard to news flow, something positive about Calix from PLS in their quarterly report being released today wouldn’t go astray.

CXL Price at posting: $1.50 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.37		Change 0.010(0.74%)		Mkt cap ! $247.6M

Open	High	Low	Value	Volume
$1.36	$1.43	$1.34	$933.6K	681.5K

Buyers (Bids)

No.	Vol.	Price($)
1	9250	$1.37

Sellers (Offers)

Price($)	Vol.	No.
$1.37	10000	1

View Market Depth

No.	Vol.	Price($)
1	9250	1.365
2	24168	1.355
3	22668	1.350
1	2350	1.345
1	2350	1.340

Price($)	Vol.	No.
1.370	10000	1
1.375	2350	1
1.380	6547	9
1.385	5850	2
1.390	10603	3

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last $1.37			Change 0.010 ( 0.10 %)
Open	High		Low	Volume
$1.37	$1.43		$1.34	103239
Last updated 15.59pm 06/05/2024 ?

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