This morning's 4C got me thinking. Doing the calculations it seems receipts from customers so far this month alone equates to $550k. If we manage that each quarter the costs of doing business at the current level is almost covered. Given the commentary inclded in the 4C is that we can expect more customer revenue in this quarter (and presumably in subsequent quarters), it seems logical to deduce that BRN is now at, or close to, cash flow positive. Providing of course we can maintain the sales momentum. Thoughts?
Cash flow positive from now on?
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23.5¢ |
Change
0.040(20.5%) |
Mkt cap ! $461.1M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 25.0¢ | 19.0¢ | $7.783M | 34.69M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 230000 | 23.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 2300 | 1 |
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| BRN (ASX) Chart |