newB
Can't see the cash being a serious problem. As you state, a little under 30M with a cash burn last quarter (which included tariff prepayments) of roughly 11M. At current rates that gives them pretty sufficient breathing space so IMO I see no need for a CR with the current (rough) timeframes supplied re the install.
As evidenced today, the market had practically factored this announcement in, a 1.5c drop shaking out some of the more timid holders but hardly the catastrophe some were predicting. It may drift a little lower over the next month or so before anticipation starts to build up again on a re-start but I hardly think it's company crisis time.
One announcement re Crux or ES and this little issue will seem like a non-event. LT isn't the only consideration on management's plate currently....
Regards.
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Last
20.0¢ |
Change
0.015(8.11%) |
Mkt cap ! $58.43M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 20.0¢ | $234 | 1.172K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 12222 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.190 |
2 | 7032 | 0.185 |
7 | 132484 | 0.180 |
1 | 14000 | 0.175 |
3 | 24800 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 12222 | 4 |
0.210 | 300 | 1 |
0.215 | 39898 | 2 |
0.220 | 88792 | 2 |
0.225 | 4444 | 1 |
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