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Very possible. Also possible the SP may have positive traction...

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Puttinfordough

536 Posts.

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18/09/20

14:54

Post #: 47453545
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Originally posted by Afc23: ↑

Cash burn rate is quite high, Management will need to cap raise probably around December period i would say. The huge discount to Market Value will hurt the SP alot. Being a potential investor i would most likely hold off until that announcement comes through. The risk at the current moment is too high (Despite payoff probably being sky high).

Will probably enter when it hits around ~$1.20s at this rate.

DYOR.

What's everyones thoughts?

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Very possible. Also possible the SP may have positive traction if there is anyhting positive in the next report due in the short term giving shareholders some clarity on how close we are to commercialisation and what they are spending the cash on..........That is the fun of speculative stocks. Always something to speculate on .

PO3 Price at posting: $1.61 Sentiment: Buy Disclosure: Held
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0 Great analysis

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