profit As LUM have significantly cut their quarterly cash burn rate, it may actually not be that hard to start getting profit.
Take out the capital costs of the new signs and LUM currently spending about $1.3mill/year.
"If" they can get US$1.5mill for the 4TS sign, which will equate to an estimated AUD$850k/yr @ AUDUSD77.5c, and a profit of $150k per year for the Turkey signs combined, that leaves them with a loss of about $300k per year. Any new sign on top of these 3 will bring them to an earnings positive situation - so maybe they are not that far away.
No contracts, and yep I agree, they got major problems
- Forums
- ASX - By Stock
- LUM
- willage people
willage people, page-16
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)