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Ann: Business and Guidance Update, page-5

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toby9562

291 Posts.

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18/10/21

09:40

Post #: 56868415
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Originally posted by BullBear45: ↑

what do you think of the cash balance? I thought an extra 8m was raised above the cash payable for the acquisition. and with arohnd 4.5m at the beginning of the year plus the extra 8m raised means if they were cash breakeven since then should have around 12m but it's only 7.6m.

It suggests to me they've burned quite a bit, unless I am wrong somewhere here.

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I think this is due to a 3.5m payment to complete IWS acquisition. So cash burn isn't to bad (around 1.4m for the quarter if my math is correct).

Last edited by toby9562: 18/10/21

PYG Price at posting: 47.5¢ Sentiment: Buy Disclosure: Held
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Ann: Business and Guidance Update, page-5

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