Sadly from todays quarter cash flow report...the future here is very bleak indeed..Basically 88e have 1.7qtrs of cash left, 5 months max..
So they have a loan of 16. million fully drawn.
They have $28M in cash.
88e have cash burn this coming qtr of $16.3M.
So in short, CR and this with 7 Billion shares on issue is indeed bleak, and nothing to look forward to, as the duster is being plugged and abandoned as per industry practice. Show what really is going on here.
drifta
What is 88's Future, page-21
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $96.19K | 48.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14125786 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 592032739 | 228 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| 88E (ASX) Chart |