Strange company, and share price, especially for the project...

Strange company, and share price, especially for the project loss next quarter.

Their financials show an expected $22m spend next quarter, but the revenue receipts are likely to be a little higher than last quarter, and will probably attract about $15m.

So they are projecting an approx $7m loss next quarter, as far as I can see from the last quarterly. This is unsustainable over the longer term of course, but they are in a growth phase. The important question then, is how long until they turn a profit?

Some funds have bought in, so they are obviously not that worried by projected losses at these levels, given the stocks potential.

For me though, I'm concerned with the capital raisings to cover the quarterly losses, and I'm not sure how long this will go on. If they sustain the current quarterly losses, they can go another year without needing another capital raising.

I need to see better financial before investing here, but for those who follow the particular funds, then go for it. The chart looks ok, and based on that, it might see a rise to $1.60 sometime this year.

Gw