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19/10/17
20:52
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Originally posted by Transplant
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I don't disagree with you.
There is still cash burn for the next 3 quarters IMO.
Next qtr cost is $1.35m from memory.
Revenue may not grow quick enough - us punters don't know.
I am not worried about a potential CR though for the following reasons.
1. CR amount would be low - say $5m
2. There are a few ways to raise small fund amounts in the finance markets other than diluting current shareholders.
3. ISX don't want to dilute their holdings
4. ISX management will have modelled their growth trajectory and have a handle on what they need to do.
5. This is not some spec mining company going to buy expensive plant items or go off and drill holes for 2 years and need the cash. CR get a bad name from these spec mining companies. The ASX is full of them.
Maybe ISX is too boring for the aussie investor who wants to get a 40% gain in 1 day.
IMO the market wants to see the money "show me the money"and then this company will be re-rated.
All imho
Good luck all holders
I wonder if we get a another announcement tomorrow.
That woudl be 5 days in a row !
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Mate wouldn't mind betting we get the announcement re the AGM date and if CR WAS on the agenda could be linked to the AGM if not then wont be happening this year
Naturally my opinion only