Ann: Voluntary Suspension Extension, page-140

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Ikazo

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16/02/19

21:30

Post #: 37460309
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Originally posted by Senseightynine: ↑

80 employees at an average of $80k aud = $6.4m just on wages. lets half that to be conservative and its $3.2m in wages, for a microcap.

You place far too much faith in SAS asx announcments - they are generally fluff pieces and factually incorrect. Remember when they said that the last 15m will see the 1st batch of satellites in to space? What happened there? Remember when they announced that the 3 diamonds have begun generting revenues? what happened there?
Bottom line is, all 'major' announcements that they have made to date have never materialized for one reason or another. So you should take every other 'major' announcement they make with a grain of salt, until the money is in the bank. They would have far more credibility if they announced reasons for:
1) why the first CR failed to achieve what they stated it would
2) why the diamonds arent generating revenues and why that original announcement was price sensitive. You'd think if a price sensitive announcement is made for first revenues, there should equally be a price sensitive announcement for no more revenues to be generated from the 3 diamonds. It's called transparency, something SAS has been lacking.

all IMO. as always DYOR, make sure you think things through objectively, be skeptical of the market at all times.

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”be skeptical of the market at all times.”

Not just the market.....you should also be skeptical of posters

SAS Price at posting: 5.4¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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Ann: Voluntary Suspension Extension, page-140

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