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26.0¢ argent biopharma limited

Ann: September Quarterly Activity and Cashflow Report, page-63

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Sparkz918

1,049 Posts.

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26/11/19

12:01

Post #: 41634614
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Originally posted by Tomasp: ↑

Is anyone here worried that the company has only 1-2 quarters of cash left in the bank at current average spend rates? Could another capital raise or further dilution in the very near future be on the cards?

It's great to see revenues increase, but when these are loss-making revenues (as is currently the case), and with limited cash on hand, it could spell disaster.

Looking at the last quarterly, the $413k in revenue cost the company $3.33M (if we exclude R&D, it still cost the company $2.2M). Even worse, the cost of sales alone exceeded the total revenues which demonstrates toxic Gross Margins ($916k COGS vs $413k Revenue) [September Quarterly Report - 31/10/19, pg. 7]

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I have brought this issue up before. This cash burning rate is just crazy (3.3M in just a quarter) and due to the uncertainty of revenue, as well as the likeliness of a material CR (further dilution) due to the dual listing, the market is just not interested in any ann from this company.

Also, the recent YuShop drama and significant impairment of Cannaglobal equity have also caused loss of much market confidence in this stock.

AGM is coming, so just see how everything goes.

Good luck to everyone

Last edited by Sparkz918: 26/11/19

MXC Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
3 Upvote

2 Great analysis

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Last 26.0¢		Change 0.000(0.00%)		Mkt cap ! $14.11M

Open	High	Low	Value	Volume
26.5¢	26.5¢	26.0¢	$5.886K	22.57K

Buyers (Bids)

No.	Vol.	Price($)
1	714	26.0¢

Sellers (Offers)

Price($)	Vol.	No.
29.5¢	34	1

View Market Depth

No.	Vol.	Price($)
1	714	0.260
1	6000	0.255
2	4408	0.250
1	20000	0.245
4	20000	0.240

Price($)	Vol.	No.
0.295	34	1
0.300	50	1
0.305	60	1
0.310	50	1
0.320	50	1

Last trade - 12.09pm 19/11/2024 (20 minute delay)

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