Australia's largest stock trading and investment forum Australia's #1 stock forum

BRN

Click for more information

2.44%

20.0¢ brainchip holdings ltd

No, 17.7m usd does not include the 12.2m aud received from lda...

First 9 Last

Share
Profile

Follow
stan9614

971 Posts.

1499

25/06/23

12:19

Post #: 68457239
Share

Originally posted by Stickshift: ↑

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.

_________________________________________

Expand

No, 17.7m usd does not include the 12.2m aud received from lda capital

BRN Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

PH2

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

I88

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

29M

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

There are more pages in this discussion • 11 more messages in this thread...

First 9 Last

Add BRN (ASX) to my watchlist

(20min delay)
Last 20.0¢		Change -0.005(2.44%)		Mkt cap ! $371.1M

Open	High	Low	Value	Volume
20.5¢	21.0¢	19.5¢	$796.1K	3.947M

Buyers (Bids)

No.	Vol.	Price($)
36	1478980	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	205644	4

View Market Depth

No.	Vol.	Price($)
36	1478980	0.195
91	3162210	0.190
40	1818147	0.185
52	1594479	0.180
14	315063	0.175

Price($)	Vol.	No.
0.200	203371	3
0.205	510000	10
0.210	708273	11
0.215	440411	9
0.220	981768	29

Last trade - 16.10pm 22/07/2024 (20 minute delay)

BRN (ASX) Chart