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blue yonder maths is good and on the surface with out facts one...

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63

09/05/23

08:12

Post #: 67669394
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Originally posted by Blueyonder: ↑

Here they go again. Will be interesting to see the depth of the discount they need to get yet another share issue away. The shares were trading at 2.0c the day before the 1.5c capital raise was announced last November. A 20% discount, and a 29.3% discount to the 15 day VWAP.

It has taken just six months to burn through the $6.8m raised. Looking at the 2022 annual accounts segmental reporting, Tyre processing lost $2.4m on $2.2m sales ( 2021 $0.9m loss on $1.9m sales); Manufacturing, the core green tyre desorption business, lost $7.6m on $1m sales (2021 $3.3m loss on $0.5m sales). The losses increased significantly ahead of sales growth. $6.5m was recovered from the tax office in R&D claims. Without the latter there is no viable business. There is no obvious pattern of improvement from the last quarterly report.

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blue yonder maths is good and on the surface with out facts one could view the funds as lost but the vast amount of funds are being invested in infrastructure wich is needed to upgrade and expand the business model with out this no forward progress can be made

ETR Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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