Perth roadshow., page-61

First 61 Last

Share
Profile

Follow
GaryJitters

1,188 Posts.

481

19/12/19

13:22

Post #: 42050457
Share

Originally posted by Ykymf: ↑

Actually I think there is a probably a bit more going on.

capital raise is essentially to build more machines
(acknowledging also the cash burn issue)

machine components have a lead time

JV partners are planned to pay FBR for the machines in order to reach the next milestone of performance shares (by June 2020)

they need $10m in revenue in the next six months - sell at least four machines at $2.5m

JV partners would expect machines to be available for pilot project once JV agreements reached

company must have a high level of confidence in the
machine if they are doing these two things ie funding more machines and preparing for open slather public demos

This company is along way from being cash flow neutral from bricklaying - but they might only be 6-12months away from revenue from
machine sales.

This is a robotic company that lays bricks.

short term cash inputs will come from
machine sales, r and d rebates,

long term recurring revenues will be a slow burn as brick are laid and WAAS is uptaken

GLTAH

Expand

timboc & Ykymf my thoughts exactly.

Look at what they did with the calibration times and the significant enhancements, the lay rate enhancements. They want this machine to be a no brainer above all other options and they are getting there.

As for the cash raise I believe It could equally be to get those machines built and sold or alternatively a demonstration to new potential JV partners to demonstrate they are not desperate and further funding wont be a problem prior to signing contracts. Either one of those I would consider a smart move.

When a bloke can do an 8 hour shift which includes travel, setup, build completion and pack up, well I don't have the right words at the moment but I think we all know where the business would be heading.

FBR Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

What's causing the cost-of-living crisis, and how to navigate it

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

M4M

Macro, Norden set up transport solutions initiative for West Pilbara