The bottom line here with FIJ is that in order to avoid numerous cap raisings they need to have a revenue stream of at least $6m per annum just to break even. Currently, at $300k a quarter, there needs to be a decent increase.
At current sales, they need to increase them 4 fold.
With Chemist Warehouse stumping up $ for equity and another cap raise on its way, it needs $
They appear to be heading in the right direction, but with cash burn the way it is, there are likely to be many more Cap raisings.
Just the way I see it.
Out of FIJ for the time being, but continuing to watch
The bottom line here with FIJ is that in order to avoid numerous...
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $11.05M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $100.9K | 12.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 13909674 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 827687 | 2 |
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| Last trade - 15.47pm 28/06/2024 (20 minute delay) ? |
| CCO (ASX) Chart |