SAS (ASX) News &amp; Media

Originally posted by aniesbaswedan: ↑

People can speculate and believe in whatever they want but the fact that remains is this:

SAS only has 5.4 million to pay for everything including building of pearls, INSURANCE, setting up things related to terminals, ground-stations, end user devices, etc as well as to address the lack of any carrier commercial agreements, all of which are vital for any possibility of revenue generation. I think the risks are outlined in section 7 of the prospectus, I suggest people read it.

Considering that a single launch through virgin orbut alone could cost around 14 to 17 million AUD then I think it is safe to assume that SAS would not have enough funds. Forget about sharing rides because to my knowledge the combination of the weight of the D-orbit deployer and the weight of the 16 pearls are already dangerously close to the maximum payload weight limit of virgin orbit. Also forget about other launchers, there has not been any binding contract with ANY other launchers. Great Wall? No certainty and anything would be absolute speculation, aka useless.

So everything relies solely on the so called bank loans as claimed by SAS. I think if that fails then there would have to be another CR, probably at one cents for yet another 15 million AUD.

That is the reality you guys are facing right now, full stop.

Expand

Wrong as usual they have been making payments to all party's

"During the period development expenditure related to consultancy services performed for the design, construction and testing of the nano-satellites, space deployment cannisters, ground terminals, ground network and constellation system simulators in ad
dition to in-house software development"

• MOU singed for a launch service with China Great Wall Industries Corporation
• No commitment has been made to use any one supplier for all of the launches, so decisions will be made according to price, launch capacity, and the launcher’s performance
• Currently in discussions with other potential launch services providers for securing additional launches
• Launch, In-Orbit operations and revenues will be fully insured with zero financial exposure for the company

this is all readily available in the reports I suggest you have a re-read before posting.