@themuppetThe loan is only temporary in nature - the question is...

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GoldRush101

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21/05/19

15:44

Post #: 38672266
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Originally posted by themuppet: ↑

I hope you're right GoldRush. But loans terms like that (2% a month!) don't inspire confidence! What I've learnt (the hard way) with all my small caps is that you can have the most amazing idea, the most amazing technology, but if you don't have A. the time to execute B. the cash to execute C. the management team with an insane amount of drive who minimises junkets and excess expenditure then it doesn't matter if you can produce a tree that has the potential to grow gold leaves, you need to be able to actually have the tree with gold leaves that you can sell. That's what I see here with SAS. The bottom line is they don't have the constellation of satellites to generate the cashflow to sustain the business. Until that happens it will just be cash burn for months... and 2% interest doesn't help with that cash burn (talk about a catch 22!). And as you've rightly pointed out, investors don't have the patience required...

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@themuppet
The loan is only temporary in nature - the question is really, what is the costs of not securing this loan facility? In your own language, if a loan wasn't secured you would have no sun and water for your trees and no gold leaves to pick.

More news will come on refinancing (watch this space). In my view the 2% pcm interest rate is insignificant, it will be written off when tax time comes and long forgotten once revenue starts kicking in.

Not long now - more positive ANNs to come.

DYOR

Last edited by GoldRush101: 21/05/19

SAS Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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@themuppetThe loan is only temporary in nature - the question is...

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