SAS 0.00% 1.6¢ sky and space company ltd

Ann: Major Global Milestone Achieved for 3 Diamonds and SAS, page-95

  1. 296 Posts.
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    Other than the capital cost, there are a couple of other takeaways. Firstly, they're still saying "a couple of months" for testing even though it's already been a month since launch, and since they said it would be 8 weeks. SAS is all about under promising and over delivering, so this wording may be expectation setting, or could even be the interviewer misinterpreting Mier saying testing would take 2 months (from launch, not the interview date).

    The other thing is that they say they'll pursue the funds via the ASX. I think most of us expected at least part of the money to be raised via issuing new shares. Personally, I hope they raise enough to get enough satellites into space to produce the funds to get the others up. I suppose it would be nuts to try and raise a huge chunk of it right away instead of waiting for share price increases anyway, so I believe that's what they'll do.
 
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