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Ann: Investor Market Call, page-6

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Maine

39 Posts.

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13/12/18

09:09

Post #: 36842244
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Originally posted by geemoney: ↑

Hi Maine,

Very short, hard to hear conference call.
Peter spoke about the final approvals for the DC's- Melbourne received, waiting on Sydney. DC's will be operational in April 2019.
Capex is up slightly as they are installing 1MW in both DC's, as opposed to 0.5MW noted in the initial planning. Presales started on Monday this week. When asked Peter stated they are very happy with the sales progress and leadership. If they can fill the initial capacity DXN stand to make $8M p.a.
CR at 15.5c to raise $3M with the potential for a further $2M.
All seems on track though the CR seems a little amateurish- I would have preferred a notable cornerstone investor take a chunk, though existing SH's can participate which is a bonus for the faithful. Pity no one asked about any Asian progress.
Should do well once the DC's fire up in April.

GLTA
G$

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I'm sure we all appreciate your post, thank you.
Although it doesn't seem like anything was said that hadn't already been in previous anns

DXN Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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Ann: Investor Market Call, page-6

NRW Holdings inks $109M deal with BHP for works at Jimblebar

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Ann: Investor Market Call, page-6

Top Stories

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ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

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Issues emerging as Australian companies tackle critical minerals challenge

Featured News

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Sellers (Offers)

Featured News