"...nobody is talking about MSB having funding issues..."
It's basic arithmetic that talks about MSB having funding issues.
For posterity purposes, here's the rudimentary math:
$170m cash balance @ 30 September 2014 and a cash burn rate of $30m every quarter.
(Not my numbers, but the numbers reported by MSB itself)
$170m divided by $40m = less than 6 quarters.
So by this time next year (5 quarters forward from 30 September 2014), the company will be down to just one-quarter of cash outgoings.
Unless MSB has a product proven, launched, distributed, invoiced and receipted by this time next year at a run-rate equal to the sum of:
$120m pa
PLUS manufacturing costs
PLUS distribution costs
PLUS royalties payable
PLUS tax payable
PLUS working capital
(i.e, Sales Revenue significantly greater than $120m pa), then the company is commercially underfunded.
Unless, of course, a partnering deal can be secured before then. And that, I presume, not even the Great Dolce, can predict with any degree of certainty.
But in the absence of any magical funding partnership, unless you are going to re-write the laws of financial mathematics, the company's cash balance will be approaching zero.
That's not a mere opinion.
It's an arithmetic fact.
Feel free to quantify why this is not so.
- Forums
- ASX - By Stock
- MSB
- By MSB
By MSB, page-127
-
- There are more pages in this discussion • 260 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MSB (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.40 |
Change
0.020(1.45%) |
Mkt cap ! $1.592B |
Open | High | Low | Value | Volume |
$1.40 | $1.41 | $1.38 | $1.920M | 1.374M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 85 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 75590 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 131731 | 1.390 |
12 | 94157 | 1.385 |
19 | 247338 | 1.380 |
13 | 159664 | 1.375 |
6 | 389888 | 1.370 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 163668 | 8 |
1.405 | 60227 | 8 |
1.410 | 139156 | 11 |
1.415 | 51407 | 8 |
1.420 | 76233 | 4 |
Last trade - 12.19pm 17/10/2024 (20 minute delay) ? |
Featured News
MSB (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online