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Ann: AGM Presentation to Shareholders, page-14

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pgrace

3,878 Posts.

62

03/12/17

22:41

Post #: 29333267
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Originally posted by The outvestor ↑

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.

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Fair post @The outvestor

Keen to research some more. Estimated cash of $1.28m is bugger all.
Can you 100% confirm that number please.

Gracie

OPN Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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