Incorrect - you haven't taken into consideration the different currencies (let alone cash burn during the current quarter).
BRN had US$17.7m cash at the end of the March quarter. The AUD$12.2m (note: US$8m) from LDA will be reflected in the June 4c. This equals approximately US$25.7 (exact conversion rate is unknown, I've used today's 0.67).
With a $6m cash burn last quarter, we can assume the same for the June quarter - if so BRN will have around US$19.7m cash remaining in the June quarterly. I've used last quarter's cash outflow as a conservative measure, though the company stated this was higher than usual so it may well come in at less (more cash remaining).
Given that BRN made a US$22m loss last year, we can assume that the current cash will keep the company afloat short of a year before further capital is required. The question remains as to whether now, or some point in the future, is better suited to raise funds.
The LDA capital arrangement is not likely of advantage for holders (AFR article below). When LDA sells it can put downward pressure on the share price yet they still make their margin.
_________________________________________
- Forums
- ASX - By Stock
- 29.9 Million in Cash as at end March qtr 2023
Incorrect - you haven't taken into consideration the different...
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRN (ASX) to my watchlist
(20min delay)
|
|||||
Last
25.5¢ |
Change
0.020(8.51%) |
Mkt cap ! $500.4M |
Open | High | Low | Value | Volume |
22.5¢ | 27.5¢ | 22.0¢ | $8.399M | 33.52M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 338805 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 338805 | 0.255 |
15 | 429045 | 0.250 |
13 | 731308 | 0.245 |
9 | 88244 | 0.240 |
6 | 93087 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 10000 | 1 |
0.265 | 231580 | 5 |
0.270 | 636408 | 10 |
0.275 | 501185 | 11 |
0.280 | 1156121 | 31 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
BRN (ASX) Chart |