I'm specifically talking of the launch, as that seems to me the only sizeable source of cash flow currently in prospect.
As to present outflows, the most recent accounts indicated cash was disappearing at about that rate, with only minimal inflows last year. That may well have increased this year, but surely not to an extent to make a huge basic difference.
I they had to defer OXY, that would surely be a major setback?
I'm sure they could raise more funds. But so soon, it would signal a major setback in plans, would be on a long term prospectus (OXY $30 million to develop, 2-3 years time, no certainty) & they'd inevitably be screwed big time on price. Major dilution for current shareholders inevitable, I suggest.
Disappointment, like you, if 'Ferrari' hopes don't work out, but I'd settle for say 300% turn (40c) with a reasonable satisfaction..... And many others would do even better, including some big holdings who might have a few words to say to the Board...
POH Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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