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28-11-2014, 10:53 AM
#10511
Originally Posted by Whipmoney
Im away from my computer.. How much cash is left?!
$14.7m.
Page 7 of presentation has this classic line to mislead investors regarding cash burn - 'Utilization of $0.6m cash in 1H15' in BOLD.
Actual cash burn was $6.077m - and will increase over 2H15.
Been around too long to be misled.
At this rate of cash burn (ie. over $12m pa), capital raising on the cards within 12 months - my own view.
Last edited by Balance; 28-11-2014 at 11:03 AM.
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28-11-2014, 10:58 AM
#10512
Momentous day
With 1.8 million views this thread has just overtaken the NZO thread as the most viewed
Now what would craic say
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28-11-2014, 11:07 AM
#10513
Balance, I know where you are coming from wrt comments made on the reporting, but I would expect the transition from report writing by scientists, to report writing by accountants will remove these blunders, and provide more detail and analysis over coming years.
No smoke or mirrors 'crayfish' - they have reported the prelim on exactly the same basis as last time, and the facts are easily gathered - we had a few headline-grabbers jumping the gun before actually reading the detail.
I am happy to hold - there is material progress evident, and we will get a lot more detail in a few weeks.
Casino, re CMS - they advised at the AGM that it will be early next year before this is finalised
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28-11-2014, 11:13 AM
#10514
Originally Posted by Xerof
Balance, I know where you are coming from wrt comments made on the reporting, but I would expect the transition from report writing by scientists, to report writing by accountants will remove these blunders, and provide more detail and analysis over coming years.
No smoke or mirrors 'crayfish' - they have reported the prelim on exactly the same basis as last time, and the facts are easily gathered - we had a few headline-grabbers jumping the gun before actually reading the detail.
I am happy to hold - there is material progress evident, and we will get a lot more detail in a few weeks.
Casino, re CMS - they advised at the AGM that it will be early next year before this is finalised
Cheers, Xerof - just my own view.
Will be happy to buy back in at $1.50 (if they reach there) like I did with other stocks when I feel confident about traction, for the ride upwards. Always happy for others to make the first 100% for taking the risk.
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28-11-2014, 11:21 AM
#10515
Originally Posted by Balance
$14.7m.
Page 7 of presentation has this classic line to mislead investors regarding cash burn - 'Utilization of $0.6m cash in 1H15' in BOLD.
Actual cash burn was $6.077m - and will increase over 2H15.
Been around too long to be misled.
At this rate of cash burn (ie. over $12m pa), capital raising on the cards within 12 months - my own view.
You are on to it mate ....should have read the fine print
That $0.6m 'utilisation' (ie cash out) is correct in the way they presented it ....but it includes $5.5m as cash inflow from expiry of term deposit.
Not real is it ..... So shall we agree the 'utilisation' really was $6.1m. What I would call free cash (out)flow of $6.1m
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28-11-2014, 11:24 AM
#10516
Originally Posted by NewGuy
While I'm really happy with the performance underlying the HY report, I am most pleased that BFG has promised to stop posting if the news was positive.
Now just to get rid of the remaining pests.
*goes off to hatch a plan*
Now let's see if that Moose is an animal of his word or not?
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28-11-2014, 11:24 AM
#10517
Originally Posted by winner69
You are on to it mate ....should have read the fine print
That $0.6m 'utilisation' (ie cash out) is correct in the way they presented it ....but it includes $5.5m as cash inflow from expiry of term deposit.
Not real is it ..... So shall we agree the 'utilisation' really was $6.1m. What I would call free cash (out)flow of $6.1m
Yes.
Why do they have to pull this kind of stunt is beyond me - there is no need. Paint the picture as it is, rather than try to be too clever.
May fool some people but I have never allowed a sp to guide how to analyse a stock - the numbers are what matter, and how the numbers stack up against the hype & PR.
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28-11-2014, 11:27 AM
#10518
Balance - the fine print on that slide said enough cash for growth 'in existing markets in the medium term'
Different words from previous reports
Read into that what you want
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28-11-2014, 11:27 AM
#10519
Member
The next big thing now is CMS coverage. I don't see why the stock cannot reach the high levels it had earlier on this year. The NBI is back. Xero is still down from those heights - but their US traction had just been proved today to be well behind PEB's US traction.
I see only positive momentum in the short and medium term and am hopeful for more good announcements. I don't envisage them running out of cash, ever. I was worried about that prior to today.
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28-11-2014, 11:30 AM
#10520
Originally Posted by winner69
Balance - the fine print on that slide said enough cash for growth 'in existing markets in the medium term'
Different words from previous reports
Read into that what you want
Medium term with PEB changes by the half year as you and I know.
Existing markets? They are expanding their markets, aren't they?
My prediction is that by March next year, they will be looking for cash - need a buffer of at least a year cash to keep going comfortably. That is what Xero does very well.
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