I agree I doubt we will be cashflow positive, but I do feel like the bottom line will show a reduced negative loss. I'm estimating a reduction from -$600k to $-$300K. If this occurs then we go from 4-5 quarters cash available to 8-10 quarters cash available. It would be a huge win. IMO
The NSW EOI is a wildcard its not DXN's fault for this time delay. Government is notorious for delaying tenders and grants, timing on these are always random and delayed. My company was just awarded two grants from government, we had no idea when it was going to be released, and of course huge delays in the decision making process. The NSW EOI tender shouldn't be priced in even if successful it would be another 12 months before any revenue would be received for projects awarded.
I really believe the next play is another data centre acquisition and of course an improved 4C. IMO
DXN Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
