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5.26% 3.6¢ painchek ltd

History in the making, page-12

  1. bernsta
    4,398 Posts.
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    22/07/17
    11:26
    Post #: 26019372
    I estimate around $2.5 mill cash @ 30 June.

    The company has a very low cash burn rate and has ramped up r and d spend in the June quarterly according to the 4C at March.

    The beauty of that is we will get 45% of that money back all being well.

    With revenues now not far away this places the business in a fantastic position..
    Last edited by bernsta: 22/07/17
    EPT Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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