Can someone with rose tinted glasses explain the following to me?
In Item 8 we can see they have $2,157,000 in cash plus an additional unused finance facility of $3,000,000 (at 10% interest btw) for a total of $5,157,000 of useable proceeds.
For the Month they used $1,235,000 in cash.
Quick napkin maths suggests they then have 4.17 months of runway using last month cash burn.
I understand that if you use the last 2 months (with the large August numbers) you get around 6.89 months runway. In short seems like picking the lowest hurdle.
I hope for all that they have enough stock for the Christmas period taking into account logistic squeezes and conductor shortages.
If they don't it isn't looking overly pretty imo.
- Forums
- ASX - By Stock
- BUD
- Ann: Appendix 4C August 2021
Ann: Appendix 4C August 2021, page-2
- There are more pages in this discussion • 166 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)