Interesting news, this company has the potential to be tomorrow's big story. They certainly have great technology and expertise, just a case of finding suitable markets and translating into sales. Capital raising seems to be baked into the price so if not mentioned in the next report the stock may find surprising strength for no other reason. ATB guys
Agree that it's good news...India is a market where once you get one order, others flow quickly but getting that first order can take years. I think the main takeaway is that if the monitoring sales have built up as well as we suspect, and now we're making progress in membrane too, then the chances of a capital raise any time soon is very, very much reduced. we already know that they've done a really good job on cost control.
A capital raise is already in the price so there should be immediate and significant relief rally to the share price when the market gets its head around operational performance. we just have to wait for full year no's in a few weeks, I guess (seems to be mid-March in previous years).
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