" Until they actually show a profit, with cash at hand growing...

" Until they actually show a profit, with cash at hand growing organically without capital raises or borrowings, I will not touch them. Not interested in predictions, potential, contract wins, reduced overheads, new management, bigger margins or any of the obfuscatory whitewashing used to distract from the fact that the point of a business is to make money, not lose it"


If you applied the above statement to all of the small cap companies on the ASX, you'd have less than a handful that are actually worthy investments.

I absolutely agree with the above statements by the way, which is why I stay away from mining companies and small caps these days, especially the latter, they simply have no idea what a profit is... there is a reason why they listed on the ASX anyway... all the private lenders didn't want a piece of a loss making machine... so they head to the private individuals who have no idea of investment analysis.