RE: CityAM tip17 Jan 2026 10:01
Icarus - you must be very worried by your short position, the only reason any sane person would spend so much time on these forums.
I would highlight that at the end of June the net cash position was $6.1m. When you factored in receivables, that rose to $7.4m. Now at the full year end cash and receivables are still $7.4m!!
Now the biggie is that FINALLY, Cirata will be “cash flow positive in Q1 FY26 and planning for cash break-even for FY26 overall”. Inflection is happening but carry on with your short and you will get hurt. The stock is also back above its 200 day moving average which technically is a very bullish indicator too. Don’t be surprised to see this in the 30s soon, the business is turning