Hmmm, both of those scenarios could be possible.
The last line in the update states they have $2.6m of current assets. Given the poor cash position of $228k, I assume a large portion of the rest must be inventory.
From their updates, it looks like cash receipts occur around the same time the Phoslock is applied, so it really depends on orders and how quickly they can get that inventory into the water.
From the latest update - the only projects that appear to be far enough advanced and large enough are:
China - I assume things can happen quickly there, but its uncertain.
USA - not clear how big the initial applications will be...and the timeframe description is "the coming months". Again uncertain.
With the extra $330k, and a smattering of smaller sales, they should have enough to get through this quarter. By then, hopefully a few of the larger projects will be in the pipeline.
Another possibility is that they finally get some big orders and need to raise capital just to produce the inventory.... not as bad an outcome as having to raise capital to stay afloat.
Anyway, I'm somewhat comforted by their description of a "solid liquidity position"...I dont think they'd say that if they weren't confident of enough cashflow to get them through the next quarter and a bit.
Thoughts?
- Forums
- ASX - By Stock
- PET
- a sorry looking chart
a sorry looking chart, page-6
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PET (ASX) to my watchlist
|
|||||
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.60M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
PET (ASX) Chart |
Day chart unavailable
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online