The idea of only having 2 quarters of funding left is a little unsettling. However, within a quarter we should know what the outcome of the MOU is.
Holding into another cap raise is obviously unattractive, especially at these low levels which we haven't moved. This is a short-term impact; in the long term, we could still be worth a nice amount. We just need to see deals and progress being made. Only 2 months to go until we see the outcome of this MOU. SRN typically like to leave things until the last minute, so I wonder if this will be a game of chicken for us holders leading up to this major point in our timeline.
I suspect we will start to see an increase in selling as we approach July. I'm definitely questioning whether PB can seal this deal and if we will see it sooner rather than later.
Looking forward to our May will unfold.
SRN Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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