Burned $488k in operating cash flow for the month of May, ain't looking good. And the excuse about poor Victorian performance is BS as well as the lockdown started on 2 June not during May.
So even at the current burn rate, they have 5 months' cash before they're out. No doubt June will be an even worse month due to the Melbourne lockdown and NSW restrictions during the school holidays so it's even less time.
OLI Price at posting:
5.9¢ Sentiment: Sell Disclosure: Not Held
