Hi Joe,
a quick look at the cashflow report from the Q, shows me that if they don't get quick access to the extra $6m in May, they will literally run out of money.
$4.5m burn this quarter, from $8m, leaves $3.5 for the June Q.
Approx $1.5m per month, so.... after May they will be on fumes.
Sure, the funding once secured should see BC8 funded, but, seems very precarious to me (though if I am being fair, they are trying to deal with the FIB).
Once BC8 is fully funded and diluted, at $0.22, the market cap will sit around $110m. With $15m in debt and... hard to tell how much cash before they actually turn the plant on. Seems about right considering the risks still to be faced with pre-production, ramp-up/commissioning, which lets be honest, has been far from smooth for most developers.
Good luck to all patient holders.
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Last
40.0¢ |
Change
0.030(8.11%) |
Mkt cap ! $177.2M |
Open | High | Low | Value | Volume |
38.5¢ | 40.5¢ | 37.5¢ | $2.257M | 5.779M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 14869 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.385 |
2 | 200000 | 0.380 |
4 | 420847 | 0.375 |
6 | 215000 | 0.370 |
1 | 13698 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 14869 | 1 |
0.405 | 200000 | 2 |
0.410 | 382363 | 9 |
0.415 | 20000 | 1 |
0.420 | 117157 | 3 |
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