At long last some clarification on current financial and logistical matters that are highly relevant to Share Holders
and SP.
Early March /22 SP was 34c it is now halved to 17c.
Well, hopefully, this announcement will instill some confidence in new or old investors.
Few bits of Good news:
• The Company expects operating cash flow to continue to be positive and currently has cash
and unused banking facilities of about $9.2m, which together with its positive operating
cash flow, are sufficient to meets its current and future financing needs, at this point in
time
• Sales orders taken for FY22 are expected to be at least $42m, which is at least 19% higher
than the $35.3m achieved in FY21. Excluding the MEG sales order received in December
2021, the underlying business will book at least $38m of sales orders for FY22, which will
be at least 8% higher than FY21
Based on this release SP can start retracing some of these loses
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1 | 10000 | 0.315 |
1 | 45 | 0.310 |
1 | 32700 | 0.305 |
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Price($) | Vol. | No. |
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0.340 | 10000 | 1 |
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