"They are focused on being cash flow positive by the end of...

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south9204

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04/10/18

21:37

Post #: 36003097
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Originally posted by Timbel ↑

@south9204 as at the end of June 2018 MNW currently have 7.0M in the bank. They will be receiving a 1.6M research and development credit in Q1. I therefore expect a positive cashflow from operations for the first quarter.

They are focused on being cash flow positive by the end of FY19. This has been reiterated in the latest outlook posted on the 31/8.

To this end I don't understand your statement that they will need more money in 2019.

@dlanot_prmrut I agree that Mint have been in the game for a long time and they have used a lot of cash to get to where they are. Ultimately their record of achievement over time has been reflected in the share price that has been drifting lower over the years. If we look at the market valuation now against what is planned to be achieved from a revenue and more importantly from a profitability perspective over the coming months to June 2019 the market valuation will have momentum toward heading north from what the current valuation is.

Currently I see minimum shares been traded, and I feel investors are looking for the turnaround that has been committed by Mint for this financial year, and ultimately a turnaround in the share price in the coming months. I have been waiting for years and I ain't bailing out now when the real revenue and turn around in profit is coming !

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"They are focused on being cash flow positive by the end of FYxx." they said that all the time, in the past and will in the further.
At least the price says the market doesn't think so, even its best mate want its underwriting

MNW Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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