Most of the CR is for "demonstrable balance sheet strength and inventory investment capacity". So the money might not have to be "spent" until after contracts are granted.
I think people are forgetting that the expected margin for the December quarter was 27-28% and they foretasted lower cash outflows in certain areas.
I know the current share price might make some investors queasy but the balance sheet, recurring revenue, new customer gains, expectation of 4x-5x growth in bedding chemical sales this year, military in 2 fronts, basically everything apart from the share price is looking very good in my eyes.
Most of the CR is for "demonstrable balance sheet strength and...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.62M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $2.814K | 281.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4677965 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 139400 | 2 |
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| Last trade - 11.16am 19/07/2024 (20 minute delay) ? |
| AJX (ASX) Chart |