From the GOMSpace Interim Financial Report for the period ending 31/12/17, it seems that GOMSpace is expecting SAS to spend between A$20.5 and A$23.5m (EUR 13m to 15m).
A $15m CR is going to leave them a bit short. Must be more funds coming from somewhere. I'm sure they have a plan and have it all under control. They are keeping us all sitting on the edge of our seats though.
Quote from GOMSpace Interim Financial Report: GomSpace receives order from Sky and Space Global November 1, 2017 - GomSpace A/S - a subsidiary of GomSpace Group AB (the ”Company”) and the UK company Sky and Space Global (UK) Ltd (“SAS”) have signed an amendment to the procurement contract between the parties signed on February 28, 2017. The additional order contains further development to increase the capabilities of the satellites. The total value of the new order is in the range of EUR 13 to 15 million and will be delivered according to the procurement contract. First delivery will be in 2018.
SAS Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held