They burned $4M last year and they had just about that much in the bank at the end of the FY.
Another CR will be needed to keep operating independently. You have to wonder how that will go - they raised @ 0.55 just recently and the stock is now 0.21. Alternately they could get a fire sale acquisition (maybe to a partner) which might get a decent exit.
Accumulate where possible, page-2
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Last
8.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.18M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12195 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 44263 | 2 |
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| Last trade - 16.12pm 09/10/2024 (20 minute delay) ? |
| TNY (ASX) Chart |
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