Originally Posted by
Beagle
I think even Percy might have been very pleasnatly surprised by the number of different product growth opportunities articulated yesterday, I know I certainly am !
Listening to the presentation its clear that the record $8m capex planned for the year ahead only covers the deposit on the new factory but they have cunningly got the vendor to agree to deferred settlement terms at some future date, (presumably contemporaneously with title issuance for the site).
How much is required to get the new factory built, equipped and up and running isn't clear but what is clear is their bank are supportive and with the abundance of growth opportunities presenting, I am sure shareholders would also be supportive with a capital raise (I presume sometime in 2021).
Whether a potential capital raise may be done in tandem with a NZX listing is an interesting question to ponder...
I agree Iceman...anything under 40 cents now would be an absolute gift. The question in my mind is with all the growth so apparent will anyone be prepared to sell shares in decent volume anywhere in the 40's ?
I would like to think someone would but am not especially hopeful...