In the last year have burnt through 8 million in cash. Only have 12 million left, so 18 months left. With them using covid as an excuse and covid not looking to end, seems like we are not going to see a big change in sales soon.
Also the net loss this quarter (loss of $3million) biggest since inception, so expect them to need cash within the next 1.5 years, have to do a CR at a discounted price. Pretty brutal seeing have seen the price drop 75% in the last year, and to expect a CR at a discount is a slap in the face to investors.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-5
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Last
$1.18 |
Change
0.015(1.29%) |
Mkt cap ! $16.70M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.20 | $1.15 | $16.97K | 14.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9304 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 3906 | 2 |
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| Last trade - 11.43am 30/06/2025 (20 minute delay) ? |
| OSL (ASX) Chart |