This result was what I was expecting. I previously wrote about my concern about the business without the $5m CHIRON payment (https://www.thestockpickerau.com/si...Health---Financial-Check-Up-Uncovers-Concerns).
Now there is $2.5m cash on the balance sheet and without the $5m revenue they would have made a significant loss. Based on this they could run out of cash within a year or two without significant growth. They already have $1.5m debt.
I don't understand how the market has missed this. The company is at a tipping point with the risk well and truly pointing downwards.
This result was what I was expecting. I previously wrote about...
Add GLH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $6.675M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $1.918K | 16.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43605 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 60000 | 1 |
View Market Depth
| Last trade - 13.24pm 05/07/2024 (20 minute delay) ? |
| GLH (ASX) Chart |