FMR 0.00% 17.0¢ fmr resources limited

Ann: Appendix 4C - quarterly, page-4

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  1. 146 Posts.
    lightbulb Created with Sketch. 47
    Section 8.5 (Estimated quarters of funding available) of the 2Q21 has 6.3 quarters where as 3Q21 it was 3.0
    So significant cash burn reduction. While not yet giving guidance on cash flow positive, it is promising to see this moving towards this goal.
    Disappointing the shareprice movement of late, and revenue is less this quarter than previous quarter, however, the news flow has been very intermittent. Does look like the "initiate go to market strategy" planned for Jan 2021 was ahead of schedule (December) and they are delivering on the product expansion phase. Hopefully good things ahead... https://hotcopper.com.au/data/attachments/3139/3139021-9eb568741dbb58e5bd84b467a192d040.jpg
    https://hotcopper.com.au/data/attachments/3139/3139024-895e2ae7da1f386cdac33e9afa0fd196.jpg

 
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