I’m not too sure what there is to get excited about with their ‘diversified’ customer base given how long it was to get from concept to production with Insitu. then if alarm bells don’t ring after having to put in a credit facility after a 7 mil loss for the full year and loan negotiations to take place with the government on missed revenue forecasts then its clear you both have a different risk profile to me!! still the same overheads with high inventory they can’t monetise. Where’s the money going to come from?
OEC Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
