Let me do some rough math here:
Dec Qtr Revenue was.............$27.8 mil AUD
Now let's assume that the extra production forecast for Mar Qtr only covers the extra strip cost.
My guesstimate based of Dec Qtr revenue & the Mar pricing pie is a 40% lift in revenue
to $38.9 mil for the Mar Qtr.
Last quarter there was a cash burn of $9.7 mil AUD which means that the total costs for the
Dec Qtr were $37.5 mil. AUD
This means, IMO, that SMR will have its first quarter of positive cashflow & $20.1 mil AUD in the bank.
This is, again IMO, is a conservative guesstimate . The company could make these kinds of guesstimates
alot easier and the company more retail shareholder friendly by issuing mid quarter updates during
rampup. Most investors don't buy shares if companies make it too difficult to forecast.
What do others think?
Cheers
MM
PS: Please not this is not investment advice; do your own research & seek professional advice before
buying shares.
SMR Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
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