OXT orexplore technologies limited

One commercial contract and that has been deferred with little...

  1. 78 Posts.
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    One commercial contract and that has been deferred with little to no clarification only to say that the client St Barbara -

    "Following discussions with the client, and due to their operational priorities, it has been agreed that the contract will be deferred to financial year 2022"

    Maybe the tech works well in theory but has implementation issues in practice

    Talk is cheap, "The GeoCore X10 units are currently being trialled at customer sites and OXT’s labs across Western Australia and Stockholm" Statements such as this is scant on details, what customer sites, what customers a lot of ambiguos commentary doesn't fill one with much confidence

    With $8K in revenue, the $2.4 million from the IPO and the $12 million from the demerger from Swick won't last very long, perhaps management should take their wages from the revenue stream that their company is generating, rather than bleeding the company.

    60% drop from listing isn't too promising

    Might have to toss a coin of this one
 
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