Illegal Dumping, page-6

Information already released gives us a pretty good idea that revenue for the quarter will be ~$1.4m

Spend last quarter was ~$1.9m

Hence, if spend remains at $1.9m, then the result is $500k short of break even.

It is possible spend may be down. Last quarter's $1.9m was higher than previous due to additional spend of $170k on fleet and increased spend on componentry (~$150k extra). Will these have been one off? Or are they "needed" again this quarter with expanding fleet size.

My projections do not show break even until Q2/Q3 calendar year 2021. That is, one or two quarters away yet.

In my view, confirmation of the $1.4m revenue - up 25% on the previous quarter - should generate support for the share price.


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