ANO 0.00% 76.0¢ advance zinctek limited

How much cash in the bank again please?, page-11

  1. 3,623 Posts.
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    I joined the moron list on this one. I didn't sell anything, but I did jump to conclusions.

    After some thought, these guys are doing very well. Flagging Q4 sales relative to Q3 would have been nice, but I guess they get a pass given the 100%+ growth on revenues and significant order pipeline.

    Interesting note - calculate the average price per KG based on FY19 figures. A little under $38AUD. That's very close to what @vestro had posted a long time back. And if they hit the volumes they've suggested in their presentation with the same price, it's actually above $40m in revenues, not the $30m they projected.

    As for needing cash - won't be a problem. Largest shareholder will gladly lend the company cash if needed... but those calling about CRs need to remember that ovens are cheap relative to their output. The SPP was for an oven, less than $500k installed from memory (might have been USD). Still peanuts, given what it does.
 
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