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2.7¢ kaddy limited

Given the comments from Triton in this release heaping praise on...

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CaptainA

994 Posts.

245

19/12/22

11:02

Post #: 65364469
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Originally posted by Guzz: ↑

scintillating analysis from the usual crew so far.

No comment on the amount loaned, and how long that would last Kaddy based on cash burn?

No comment on the mechanism used (convertible note), and any perceived difficulty on obtaining such in these current times?

No comment on the T&C's of the loan with the interest at 10% or the probability of the conversion at 5c?

Didn't think so.

So - heres my analysis (IMO), although its with Triton one more time the T&C's of the loan aren't tooooo bad given their current situation. If they can continue to reduce costs (and associated cash burn) they could turn a profit and the 5c conversion could come into play.

Changed my sentiment from SELL to HOLD - for now.

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Given the comments from Triton in this release heaping praise on Steve and things Steve has done, it's almost like Dean was the problem.

KDY Price at posting: 3.0¢ Sentiment: None Disclosure: Held
28 Upvote

2 Great analysis

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