They have 2 contracts about to contribute in the 3rd qtr. That will make a huge difference to revenues. Their have been delays with projects coming online due to GFC and hardship of developers. Ofcourse it takes a leap of faith to trust revenues are turning around.
Cost have been under control for some time now IMO.
$1mil a quarter isnt much really. Most of it (unfortunately) is salaries to management. But considering contracts announced are in the $2mil/5year range, it wont take much to wipeout that $1mil once the contract come online.
Its more about do you believe the contracts announced to date are on schedule and revenue forecasts are accurate.
I personally cant see INT drowning. They are debt free. Have always managed to survive in the past via placements or notes. Why will it be different in the future?
Ofcourse funding survival through placements isnt a recipe for wealth creation, but at this phase in the company cycle they need dollars. All speccies start somewhere.
AHL Price at posting:
0.4¢ Sentiment: Hold Disclosure: Not Held
