I was just having a look at the March quarterly. The cash balance as at 31 March is $8 million, plus a credit facility. A good $3 million went out during the March quarter. June quarter is coming up soon, if they spend another $3 million they would be left with $5 million cash at the end of June, other then some interest and GST received, no other income seems to be coming in. Based on this, after the June quarter it would still have cash for another quarter and a half. Is the expectation this stock will start producing income after the June quarter? Otherwise, wouldn't this stock be a prime candidate for another capital raising?
HZR Price at posting:
74.5¢ Sentiment: None Disclosure: Not Held
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