As we can see with GLN, companies with high cash burn rates in the Lithium sector are really struggling.
ASN we saw from last week's quarterly report showing only 1 quarter bof cash left, then it's 3 more quarters until the $30m debt facility is fully drawn down.
this is why I say, in this treacherous lithium market, cash conservation is absolutely key.
what are your thoughts Chris2182 on the 1 quarter of cash left for ASN the only 3 quarters until the $30m loan facility is fully drawn?
do you like to answer the hard questions ?
Ann: Quarterly Activities and Cashflow Report, page-195
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