semantics really, both of us are saying that the research presentaiton and possibly the general expectation now is that PYC will NOT be cash flow positive within the next two years.
My previous interpretation from NW's presenations was that PYC would be cash flow positive by FY12.
What concerns me is that with each new release of information things tend to 'slip' a little. I understand these things happen, bio's are hard to get away, GFC, Europe has problems, financing deals is harder, etc, etc, etc...
It was three deals by CY11, now it's three deals by FY12.
It was cash flow positive, now it's cash flow "sustainable".
It was a trade sale for $200m+ within 2 years - how long ago now?
Be nice if we could believe what management told us and they delivered on what they promise.
The science is there but it won't always be at the bleeding edge. These guys have a finite amount of time to deliver before they get left in someone else's dust.
Here's hoping our Woolf doesn't become Wile E Coyote
PYC Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)