Not sure what you mean by later in the year, but we are now...

  1. 2,628 Posts.
    lightbulb Created with Sketch. 307
    Not sure what you mean by later in the year, but we are now almost at the end of February and even with $4.8M on hand this quarter, the cash burn rate means that they will have used most of that before the end of this quarter. Last quarter cash used in operations was $4.5M and I expect this will be lower this current quarter due to increased revenue, so lets say $4M this quarter, that would leave them with less than $1M at the end of the quarter, which is less than 1 month's operations. I doubt any management would want to put the company in that position and I haven't noticed any option conversion notices, so I'll stick with my prediction that there will be some form of CR in the next 6 weeks.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
10.5¢
Change
0.000(0.00%)
Mkt cap ! $87.88M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 20600 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 125094 1
View Market Depth
Last trade - 16.12pm 18/06/2025 (20 minute delay) ?
AV1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.