Australia's largest stock trading and investment forum Australia's #1 stock forum

SAS

0.00%

1.6¢ sky and space company ltd

twelthman, Usually I do not get into a long debate in this forum...

First 190 Last

Share
Profile

Follow
StockLog

417 Posts.

76

14/11/19

20:38

Post #: 41433394
Share

Originally posted by twelthman ↑

They still will not have the funds. Otherwise they would have made this abundantly clear in the prospectus and in all likelihood would have attracted sophisticated investors. The problem is anything short of the full amount is irrelevant as the funding options have dried up. It's quite literally now or never.

The only hope would be a rescue package from the ESA. I would imagine a minimum requirement before this happens would be a successful raise of $15 million. However I don't see this CR raising anywhere near that without another source of funding to enable the first batch to be completed. The way I see it, this CR and a hypothetical grant are co-dependent on one another - ie neither will happen without the other, so I can't see either being successful.

This is of course ignoring the elephant in the room, which is SAS has no competitive or first mover advantage any more, and have no contracts or agreements of real, binding value in which to show a genuine business case to the ESA. It takes more than just being in the right industry.

Expand

twelthman,

Usually I do not get into a long debate in this forum as there is no gain. I only addressed a point that was raised which was just not correct.

In reference to some of your comments re. enough funds. I do not think that anyone knows at this point if there will be enough funds raised, it is clear to all due to the long money hunt as of late. Does the company have to make this happen sooner then later? - Absolutely!

I can touch on a few various point on what I would like to see going forward which I have voiced up to the right people.

You have some valid points.

DYOR & GLTA

SAS Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

1 Great analysis

Reply

Top Stories

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus