Gross Margin positive and Cashflow positive are not the same thing but in Redflows case there's not a huge difference between the two. I did a back of the envelope calculation - the estimated cash outflow for the March 2019 quarter was $4.13m. If they sold and received 3 months at 130 units per month at $US7k, that's about $3.8m of cash coming in.
Of course it's an unknown time until they sell and receive payment for at least 130/month - so the cash balance is going to decline and require an additional capital raising. No doubt their broker Morgans is lurking ready to undertake a capital raising if asked, but it remains to be seen if they can source the funding required from somewhere else (Clean Energy Council, China, an energy company ? etc). If a capital raising and the issue of new shares it remains to be seen if its completed as a rights issue or placement. A lot can happen and the price at which it happens will depend upon the progress of sales. It all comes down to selling the product now.
- Forums
- ASX - By Stock
- RFX
- Ann: RFX 1H19 Investor Presentation
Ann: RFX 1H19 Investor Presentation, page-7
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RFX (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $30.39M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.5¢ | $19.36K | 163.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 35000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 60923 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 35000 | 0.115 |
4 | 73550 | 0.110 |
2 | 180494 | 0.105 |
11 | 339274 | 0.100 |
2 | 47000 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 61741 | 4 |
0.125 | 27678 | 1 |
0.130 | 33667 | 4 |
0.135 | 75000 | 1 |
0.140 | 83000 | 2 |
Last trade - 11.07am 03/07/2024 (20 minute delay) ? |
Featured News
RFX (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online