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3MF 3d metalforge limited

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26.0¢

Interest rate is increasing more and more. Definitely, it's...

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Hope333

2,497 Posts.

1829

31/08/22

16:34

Post #: 63439618
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Originally posted by Mom88: ↑

Whenever it seems too cheap there is a reason for that.

The biggest red flag right now is the cash position. The market cap is so low even raising 2 million dollars will be difficult. Last Q they burnt 1.5m so they need 3m just for a 6 month runway. Not looking pretty. Surely will be getting ASX query soon if they don’t announce a raise or having secured any funding.
The other ongoing red flag is the constant board and corporate changes. What is going on inside that the board members are not willing to stay the full term?

This was a very bad punt that went wrong for me and have mentally written this off. Goodluck and I hope this can turn around but it’s not looking great.

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Interest rate is increasing more and more. Definitely, it's problematic for most small caps tech companies. Need 3MF to be sitll listed on ASX for next year or two. The ASX would crash at some points if the economy getting worse next year.

What can we do? Stay togeher or jump the ship?

I choose to stay.

3MF Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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