The current cash burn rate seems manageable in the short term, especially given the context of their improved operational profit and reduced cash outflow compared to the previous year. It's actually gone down massively compared to last year. The positive operating profit indicates that they are moving towards becoming cash flow positive, which would reduce the need for external financing imo.
Ann: Q3 FY24 Trading Update, page-8
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Last
29.0¢ |
Change
-0.010(3.33%) |
Mkt cap ! $84.02M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.0¢ | 28.0¢ | $18.87K | 66.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8411 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 14802 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| BMT (ASX) Chart |