-
Share
21/02/11
03:00
Share
Looking at the cash balance, it will barely cover the next half.
The chairman also makes mention of an increase in cash burn for the current half in order to handle the increase customer enquiries.
IMO a capital raising is a distinct possibility, unless they can get a big contract with an upfront partial payment.
I wouldn't be surprised if they raised another 500K-1m.
Still watching and waiting for mine.
I'd rather ride this one from 10-15 market cap to 100m than take the same risks again.
-