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5.6¢ micro-x limited

An asset on the balance sheet has essentially been converted...

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BkrDzn

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28/02/19

15:18

Post #: 37605439
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Originally posted by strangelogic ↑

So Xinray is off the books and now a straight supplier. That means less capital risk but maybe a bit more operational risk. I wonder if there is a new supply agreement that goes with this?
"continuing evolution of its supply chain arrangements"

"The proceeds of the disposal, which exceed the carrying value of Micro-X’s investment, will be used as credit againstinvoices relating to the supply of x-ray tubes from XinRay."
So we have picked up a little on the write down on paper but that will be coming out of the cost of goods as invoices are issued by Xinray for tubes.
That is a lot of tubes at > $1.9 million. Let's assume Nano is sold to Carestream at ~45k USD (retail around 90K ?USD). Typical markup for these things is 2-2.5 times. Let's guess 2 times. That would be ~31K AUD with current exchange rate. Let's also guess the tube is 5K of that so in that case it would take 380 tubes to absorb 1.9 million from XinRay.
That is a lot of machines even including ones the have already sold or made.
Hope they actually make that many in the next couple of years.

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An asset on the balance sheet has essentially been converted into working capital.

MX1 Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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