Yes that's true @rolling . All early stage companies burn cash until the business is producing revenue and is cash flow positive. Nothing unusual. Looking at the 4C they have enough cash until Feb/March so yeah they'll need to raise cash in the next 4 months. They restructured the business and pivoted into renewables and raised at 1c in July 2021. Not many pre revenue tech companies on the ASX would be up over 100% in the same time. Many that I look at have been absolutely smashed in the last 12 months. TYM is doing ok I reckon. Still very early days but the potential is there for something special from these levels. If management can execute these pilots into commercial contracts 2c is going to look silly. Time will tell as it always does. I reckon the total disaster from IPO to when the Europeans left the business is still hurting sentiment and it will take at least one or two commercial contracts to turn sentiment around but the signs are definitely promising from my perspective.
TYM Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
