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Ann: Trading Halt, page-92

  1. noodly
    6,439 Posts.
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    07/11/21
    13:22
    Post #: 57377549
    I read somewhere non income producing ASX listed companies have to have a minimum of $4mil cash.
    TNG had $11 mil at the end of the tax year and $7.2mil at the end of the last quarter so if they continue to burn through $4mil each quarter they'll be below the $4mil requirement by the end of this quarter!
    TNG Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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