Good results but the story remain the same. The bull case The...

Good results but the story remain the same.

The bull case
The growth of the company is amazing with the stability of its recurring revenue.

The bear case
Cash continues to be an issue. $673k in cash with $10.1m capex forecast required for H2. I assume some investors are sitting on the sidelines in regards to a potential capital raise.

With that said, Rebecca (ex-CFO) mentioned they have $12m in headroom after they complete all their current capex. This was in Nov 2019.

"With the current debt, we complete all of our current capex, and still have c$12m headroom under our facilities (not including any contribution from FCF). That’s enough to do another 15-20MW project."