Why are you so focussed on that all the time Gekko ? Why can you never, never see a single positive thing here ?
The glass is half full if you ask me, consider the following points:
R&D Refund: The company is expecting a refund from Research and Development (R&D) activities amounting to around $1.1 million. This inflow is significant and can provide a substantial buffer to the company’s finances, helping to sustain operations and further R&D efforts.
Proposed Placement Facility: There is a 10% placement facility proposed at the AGM, which is expected to bring in around $2 million. This is a proactive funding strategy that demonstrates the company's initiative in securing external funding to bolster its financial position.
Strategic Partners : The possibility of securing funding from potential strategic partners or financiers is also on the table, this could yield another $2m perhaps. Such partnerships not only bring in financial resources but can also offer strategic advantages, like market access, technical collaboration, or operational synergies.
Recent announcement of a cost-cutting strategy. This initiative is could potentially yield savings of around $1 million. This demonstrates the company's commitment to financial prudence and efficient resource management.When combined with the anticipated $1.1 million R&D refund, the $2 million from the 10% placement facility, and the potential $1-2 million from strategic partners or financiers, the cost-saving measures further strengthen the company’s financial position worth about $6m.
The savings could be extending the company's financial runway by 6 month to end 2024 and enhancing its ability to reach significant milestones before any risk of running out of funds.
These financial strategies collectively represent a significant boost to the company’s financial stability. They indicate active financial management and a clear strategy to secure the necessary funding to support the company's activities and growth plans.
OSL Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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