Ann: Receipt of R&D Grant and Strategic MOU's, page-65

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Stu T.

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09/10/18

17:46

Post #: 36055875
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Originally posted by Periculum ↑

All good news if you ask me.

I spoke a long time ago about MOU's and there worthlessness. I even suggested "Binding " MOU's were much better, and they are. There is a caveat to that statement though.

I a happy to sign a binding MOU right now with anyone who can provide me with a Saturn V Launch vehicle - moon shot launcher ready for launch in 2019. The reality of that binding agreement happening means it remains worthless. We are in a similar situation, we may not have enough cash to get the first bunch of Perls in the sky. We can therefore have hundreds of MOU's in place which are worthless.

I remember UNI had a similar issue. Big delivered contracts but no delivery of product and they came with up front payments in the millions. The lack of cash flow there was predictable and led to the companies downfall.

I would like to see a few more dollars in the bank to cover cashflow...perhaps with up front payment so that the people have some skin in the game. In Poland's case it is a cheap way to [possibly] get into space. At least they have some skin in the game...what ever form that takes. Maybe our board can look at some agreements along those lines as a way to generate funds.

Even though long term it may reduce the value of said contracts, up front payments would give us cash that isn't based on dilution of shares, raising capital or signing some kind of joint venture which is like dilution.

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Not entirely true. When financiers look at funding a project and say....two companies seek that funding. . . . . a company with several potentially lucrative M.O.U.'s would have significantly more clout than a company with nothing in the bag.

SAS Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
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Ann: Receipt of R&D Grant and Strategic MOU's, page-65

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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