They would have to have an investor surly from Europe or they will have to get it through the institutions.
We all know Trench 1 money will run out by end of June as sas stated.
Now we know the directors are putting in 300k
That will give them over another month if everyone pulled out
“which they won’t.”
Trench 2 I think is 7.2 or 7.4 million,
what is racking my brain is this,
contract that come out stated sas will pay 5.2 mill EUR for first batch of 8, and I presume that includes new CDR for 6U,
“They even cost more than the pearls they should of just put 8 pearls up less headaches. “
So 5.2m EUR = 8.3 mill AU
Then operational cost till end of the year that will be 2 mill AU,
That’s 10 mill + needed and that’s not including what ever shortfall they may have but I’m expecting 2 or 3 mill shortfall.
So I’m tipping they may have an investor that wants in I calculate SAS need 5 to 6 mill to make this happen.
that’s with the shortfall calculated into it.
I am in 2 minds what I’m going to do still and tomorrow will be my deadline.
Hold on as I have 3 years
Just in case they have someone that will pick up the shortfall.
or get my money back and buy if institution get in because it will be cheeper.
And I can have more shares.
Wish I never had an option to pull out and it is what it is.
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