Had some option conversion surprised Milne didn’t sell them lol was somewhat afraid he’ was going to do that ..
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Had some option conversion surprised Milne didn’t sell them lol was somewhat afraid he’ was going to do that ..
I'm slowly learning to be patient....... but it is b...... hard.
Guess we are 'well positioned.'
Haha agreed. I shaved off some of my holding at 68c but didn't sell all of it as I believe in the long-term prospects. Somewhat regret not waiting till the report now but I always make that mistake, probably could have made a lot more by waiting till today to shave a little off.
It's just a matter of waiting till IKE establishes those big contracts, already has it's foot in the door, it's basically a waiting game. Given my low average entry with this one I probably won't let go of it so easily.
The 80c ask looking ripe to be taken out going by current depth...
Going by their latest business update for 12 months ended 31 Mar 20, they've cash and receivables of approx $6mln and no debt. So i'm picking no cap raise required by the looks as previous cash balance as at end of 31 Dec 2019 was $6.9mln. So cash burn rate was $0.9mln for 3 months.
Wonder what else could be the reason for sudden lack of sellers at low price level...
You're right. Would be weird considering only late last year they raised capital. This year is key for them. They keep predicting positive operating cashflow only for it to be delayed over and over.
I'm encouraged by their ability to scale up given the SaaS model they've employed, but we need a big jump in revenue.
What no result today
They do have a habit of releasing results during the day...
IKE has, along with others who need it, an extra 30 days for reporting this year:
https://www.nzx.com/announcements/350265