Ann: $10m Institutional Placement, page-15

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01/10/18

11:21

Post #: 35946332
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Originally posted by jlo2012 ↑

Hi @bagavond not sure where the SP will go and not going to try and predict it.

I am not a buyer at any price. I've got concerns about management and their choice to do business with a small bank in Europe that had a clear history of lending and AML related issues. DYOR on them. There are serious allegations against them. Is that the only place they could find to take them on in their "discounted retail" arrangement to keep revenue going and to magically pass $5m by $1000 (excluding R&D and interest rev)?

This is being spun as a CR for ADI requirements (which is partially true) but the urgency of it is IMO that cash is running out due to money getting tied up in suspended accounts in Europe and other money being sent back up the supply chain and diverted to other networks.

I also question $6m Cap Ex guidance for next year. Can't see it being that low. Staff costs alone will be pushing the next year.

Anyway, I've only got a small exposure left in this so will just let it sit there as a punt.

GH - the term sheet indicates the funds were for more than just ADI requirements. It is nieve to think the timing of this CR had no correlation to the announcment from the day before (money being suspended in accountsaccou they may not get back and other expected money diverted off network).

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Spot on mate!!
Some are calling it as great buying opportunities.
It's been great buying opportunities for the last 3 years!!!

Great job ISX team!

ISX Price at posting: 14.0¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

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Ann: $10m Institutional Placement, page-15

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Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

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Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

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