Hold your horses, Nellie. Don't think that right. Check the facts but last quarterly they had cash burn of $11m, cash on hand of $2, then they'll get $26 from the CR (assuming all entitlements are take up, which I think will happen).
Of the $11m cash burn, almost half was new plant so that probably won't be replicated until finance in place. If they have learnt their lessons, they will preserve cash. Hopefully all current cash burn is confined to Nifty.
OK long way round to say they have at least 4 quarters by my reckoning.
We are due half yearly, so we shall seen.
why CYM is a Billion $ company in the making, page-2212
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4.6¢ |
Change
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Mkt cap ! $70.19M | |||
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