Perhaps because the narrative that we are a high growth company has been obliterated, cash burn has not slowed, and the missed projections simply mean that we will not reach breakeven soon.
We have 12million in the bank but are burning $4m per quarter. With no high growth story to tell, and $4m per quarter burned, this will require raiss capital in two quarters.
I would have sold too, but at this price, might as well hold it and see how we go.
Ann: Quarterly Activity Report - 30 September 2023, page-16
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $55.51M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 19.0¢ | $8.892K | 46.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43897 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 6035 | 2 |
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| NXS (ASX) Chart |