DXN 3.85% 2.7¢ dxn limited

There is likely to be much less than 15 months of runway because...

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    There is likely to be much less than 15 months of runway because of the way insolvency law operates. Directors can't wait to run out of money, if they get to a point where their forecasts show that they will run out in, say 6 months (likely even more) then they will have to raise capital or put it into VA. Delays like this contract are hugely impactful for a company operating on fumes because all that revenue is now pushed off quite far in the future but the costs to deliver the contract are all there. Not like they can scale down their workforce for 6 months then scale up again. They need more co-location revenues really soon as the lumpy contracts they have been winning are really hard to manage with their anaemic cash flow
 
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