Not really the panic selling today Slats, which I thought we would have seen based on the angst here. Total trades of 5.7 million is moderately high, but nowhere near the levels we were seeing off the back of the contract announcements.
Perhaps the market is rapidly adapting to the rapidly changing market conditions for Dronshield? What do you think Slats?
Net proceeds raised from the Placement and SPP are intended to be used to fund:
- Rapidly scaling the sales and marketing resourcing (team and inventory) to support current momentum in the US, Europe and other locations as they emerge from COVID-19 slowdown
- Additional resourcing (including inventory) to support airport trials.
- Scaling up of the Australian engineering team to support rapid refinement of products in response to end user feedback
- Investment in long lead items for sale inventory to enable rapid sales and demonstrations.
At least the capital appears to be going to good causes.
So with 'rapid' being the word of the day - let's hope that customers will be rapidly signing off on purchase orders and paying outstanding invoices. However, in this 'rapid' environment, if we are not getting 'rapid' updates - we we might know that things are going rapidly wrong.
Cheers.
SK.
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20 | 61829 | 1.170 |
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