Good points. Certainly an interesting place the company is in.I...

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Stickywithmicky

79 Posts.

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29/04/22

08:18

Post #: 61087569
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Originally posted by amb005: ↑

Great post, I like how honest you are sticky, you have nuanced view and see thing objectively which is very refreshing on hotcopper.

CAN has surprised me recently, was great move that management were able to extend the credit facility and also negotiate more favourable terms for the facility. This was possibly the best news imo as without this CAN was looking at dilution for sure.

Agree with your quarterly comments, Im guessing the drop in staff and admin costs is getting builders and site managers off the books as the facility is done. Netcash loss is quite a jump up , more than triple loss of last quarter. Despite all this though they manageed to spend 10 mill this quarter (cash level dropped by $5 mill, debt increased by $5mill) which is a big drop from spending around that figure per month just last quarter. I guess next quarterly will get the more accurate cost profile of what operations will look like going forward ( as you will see costs of running the facility, with no overlap of costs of the build)

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Good points. Certainly an interesting place the company is in.

I forgot to note in my previous post they have also taken on Rhys Cohen as a Senior Cooperate Communications Manager, I think this is a good move. I have read many of his posts on Cannabiz. He has great knowledge of the industry and can spin a good tale. I know ol' Peter doesn't like to spin a yarn for the sake of just satisfying the public, but Rhys may take a different approach which I wouldn't mind. As mentioned before I enjoy the reading material.

CAN Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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