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Klue

6,811 Posts.

407

06/02/18

12:53

Post #: 30854005
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Originally posted by Torpy ↑

Yes it does. Though the fact that they have ordered a second batch of 1000 units means presumably the first 1000 were being taken up. They have also reiterated guidance (several times) of 5000-10000 unit target for 12 months, so they are budgeting on uptake of say 500-750 units per month average.
I think you might have been a bit selective with your choice of 6 months to highlight the growth in RMR of 10%. Over 2 years its been circa 400%. The last 6 months were impacted by the distraction of the listing plus stock being depleted at one point (now rectified).

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Yes, Fair call. My reason for focusing 6 months was based on my belief they will need to raise cash again within a couple of months as the burn will not match pace with the increasing RMR until mid to later this year.

But, I'm just guessing and assuming, happy to be completely wrong.

SCT Price at posting: 19.0¢ Sentiment: None Disclosure: Not Held
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