No new information in here and we already know the Balance Sheet is out of date due to the Cap Raise.
I am a fan of AGH & think the stock is under-rated but having a cash burn this high and CR for $10 million twice in 12 months is a little questionable imo.
At current prices I am inclined to buy more as I think Peak is a winner but why didn't they CR $20 mill last year when the share price was $0.45?
My bet is that Peak can start paying for the expensive Doctor Recruitment strategy next year. I like the education story but it is clearly quite capital intensive so without bumper Peak profits we'll need another CR about this time next year.
AGH Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
