Yes. I believe that the sp tipping below the 10c is a critical juncture. One that I anticipated several months ago.
This cash flow positive forecast is a factor in the achievement of that tipping point. Now some factors may have changed but broadly I wonder if this is just a repeat of the same wildly optimistic forecast that they came up for 2019. I would be prepared to bet money that they used the same spreadsheet as for the last forecast and modified it slightly.
In my mind, since the 2022 forecast has got a farts chance in a hurricane, there will be another attempt at a raising. That one will have to be at a substantial discount to the market to bring in enough to kick the can down the road again.
What is desperately needed is an an achievement. Any sort of achievement might be able to cheer up the share price and inject some optimism. Just grinding on burning big $ is soul destroying.
ACR Price at posting:
9.8¢ Sentiment: Sell Disclosure: Held
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