Even flip companies have to gamble that theres a higher price somewhere on the horizon.
I'm not unhappy or surprised by this. The recent announcements are great, the investor presentation is good. Especially the part about no new expectations around capex. If anything, the company has taken a good step forward from avoiding a dismal end towards a significant boon for all involved.
All management have to do is not stuff up. This market unfortunately is the gift that keeps on giving. Should the company become wildly profitable, the dilution can be reversed. I suspect one more cap raise between now and the "cash flow positive" date.
Enjoy a bottle of red in the sun and focus less on the red on the price.
OSL Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)