Yes How does management blow $9m in a quarter, the cash burn here is extraordinary, they have less than 1 quarter of cash remaining and 3 more quarters to theb$30m loan is fully drawn.
The financials of this company are just not good, .
in 1 years time ASN with have no cash a a fully drawn $30m loan.?
And meanwhile MAN is swimming in 45 years worth of cash of $15m and 1/15th the MC of ASN.
Does look like cash strapped GLN and exiting MAN, they only had 35m shares so would be just about out now if not completely out so new blood in.
I know which company I prefer enen though I only hold 280k parcel, last 109k bought 2.4 for $2,400 nice
Ann: Quarterly Activities and Cashflow Report, page-34
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Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $125.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $219.2K | 2.235M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 359456 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 163581 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ASN (ASX) Chart |