Interesting: March '22 Quarterly cash flow point 8. Estimated cash available for future operating activities = 2.3 quarters Ann 27/4/22. Getting very tight. Red Flag. Cash needed. June quarter: 1 quarter of funding available. Ann 1/8/22. Suspension followed. September quarter: 11.2 quarters of cash available for future operating activities. Based on current levels of operating expenses and revenue and available cash which includes LLL share sales and reimbursement of around $21 mil. 11.2 Quarters available at current operational expense/revenue levels looks ok. The problem is that the business cannot grow without a huge injection of funds to provide CAPEX survive and to grow the business to profitability. ... and of course the level of creditors. Without growth it will eventually go broke.
FFX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held