There is no doubt we are in a precarious financial position.
Running 3 offices and projects on 3 continents cannot be cheap.
Very strict fiscal management goes without saying, of which the team have previously mentioned and I do not doubt they are exercising. Our cashburn had to come down.
Capex and study costs, should have come down significantly.
As for our equity in VMM, it saw a nice little bounce, up nearly 16% over the last 3 trading days. So maybe a partial divestment of these shares.
But, CR??? Well, I reckon it would be tough going to even get a fundie to agree at the moment, so it may not even be an option. And I am sure the BOD is aware of the catastrophic, dilutive deal they would have to sign, to make it happen....if possible.
I know some of you expect it, but I reckon its a long shot...... for now.
Of course anything can happen, but i really hope I am right...
Some positive vibes out of Belfast, so I am hanging on tight to see where the next few months take us.
IXR Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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