'The $50M cash burn a quarter keeps getting a run even though reality is half this figure and shrinking.' You may well be right and the cash burn is only $25m. But your thesis was that you support with real facts. Are there any real facts to support that assertion?
Even if we accept the $25 a 1/4, within the next 6 months that would be $50 plus the finance costs of about $21m. The current fund raising only leaves about $30m ish for working capital so they could well be back for another handout within 3/4 months.Assuming REE rices don't fall any further.
Trading opportunities yes, and why not ramp it up if one has purchased recently?
LYC Price at posting:
8.6¢ Sentiment: None Disclosure: Not Held
(20min delay)