Ann: $12m Placement Secured and $3m Priority Offer Underwritten, page-88

First 88 Last

Share
Profile

Follow
Senseightynine

2,026 Posts.

713

20/02/19

18:08

Post #: 37505194
Share
Originally posted by Eqz: ↑

I see allot of emotionally triggered posts on here..

Here's some logic to balance things out.

Directors put up $700k which obviously indicates every intent that the company is serious on launching the pearls
Now cashed up to launch the pearls, stop fretting about funding and cash balance.
We all have eligibility to take up the same offer, anyone that bought over 10c - this presents a huge opportunity to average down. I can guarantee you the SP will above 3c when the first batch of pearls launch and with the monies secured now, they will launch.
Revenue figures from first batch is very conservative and represents a small handful of the MoU's announced. Once the service is available, logically many of the other MoU's will convert - the demand for the service is clearly evident for anyone following the ~30 MoU's that were announced over the last 2 years.
All small-caps are struggling to secure capital, SAS is not alone here and while a 44% discount on the placement is significant - it's not surprising considering the market sentiment towards small caps

Problem with SAS is it's attracted allot newbie investors who thought they would become instant millionars.. clearly investing in the speculative end of the market is not for many of the people on here posting about how this company is a dead deal and to 'jump ship'. What utter nonsense.

Please, invest with your head not your emotions.

Expand

you are wrong

they are not funded to launch. Read the full announcement including the disclaimer
SAS Price at posting: 5.4¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

SGR

Thousands eye Star on HotCopper, SkyCity in strife – are ASX casino stocks safe anymore?

THB

Thunderbird picks up plethora of uranium targets based on EM survey in Canada

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CRI

Critica unveils fresh REE hits near Jupiter play in WA – and 5 new prospects

NSM

North Stawell Minerals set to raise $1.3M in capital raising for exploration in Victoria

There are more pages in this discussion • 46 more messages in this thread...

First 88 Last

Add SAS (ASX) to my watchlist

Ann: $12m Placement Secured and $3m Priority Offer Underwritten, page-88

Top Stories

Thousands eye Star on HotCopper, SkyCity in strife – are ASX casino stocks safe anymore?

Thunderbird picks up plethora of uranium targets based on EM survey in Canada

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Critica unveils fresh REE hits near Jupiter play in WA – and 5 new prospects

North Stawell Minerals set to raise $1.3M in capital raising for exploration in Victoria

Featured News