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08/07/19
10:44
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Originally posted by Gentle Ben:
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Ok - so don't know how to take this update. - We got $350k for a $700k project from the Govt, that's nice - We essentially ran at about 50% due to breakdown in equipment? - Total cash receipts for the qtr were $17k....wtf? - Second PO from TAC received, so $500k+ in the Sept qtr - Doesn't look like a delist, looks like they need a US LLC for US based govt loans - which they will do under the ASX structure? Did I read that right? More waiting. If they had a normal quarter of sales/production then add on the Govt award and it would have been a nice result.
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The single thing that's holding me back is the "falling knife" hanging over our heads regarding the potential delisting from the ASX. Like you, I feel that this update indicates that the risk has been lessened by the following clip from page 7 of the update. Nonetheless, until it is decided I will not be buying any more. I'm exposed well enough as it is.