the reality of yesterday's agm
okay simple numbers guys
US1.25mill for 4TS sign = $1.6mill AUD/year Expenses of AUD $75k/month = $900k/yr Therefore LUM expected to make $700k/yr on 1 side of 4TS
So they will need all 4 sides of 4TS to get cash flow positive - which is going to take a further investment of $6-8mill
Work it out in your own heads what LUM's future is next year - a share price higher than what it is for a little while, until the fundamentals start waking people up, that you can't run a company that is cashflow negative for 5 years and have a strong share price
LUM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held