MX1 8.11% 8.0¢ micro-x limited

Ann: Quarterly Cash Flow & Business Update, page-7

  1. 1,531 Posts.
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    The nano retails at around USD90k. That's the price CS receives not MX1. Not 100% clear what MX1 are paid but its probably around half given the margin and plates cost for CS. $270k in receipts is probably more like 6 to 8 nanos.

    CS should have its budgets done any day and should feed through orders any day. What I don't like is how MX1 stated they will be less transparent on units sales from now. So until they report, we don't really know what sales levels are like, if any good as they expect. When things have been going slow again and targets missed, they're asking for investors to trust them more which is hard.
 
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