General consensus is that there is a very positive future ahead, however I think it's important to also be mindful of where we are currently at (not just where we are going). Based on the Sept qtr 4C, estimated cash reserves will be $1.28m come end of December. Extrapolating the FY18 quarterly operating cash requirements to date of approx $1m/qtr, without substantial revenue hitting the bank account I become concerned about OPN come end of March 2018. Could we see another cap raise on the cards? Second half of FY18 is going to be interesting for OPN.
OPN Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held