The cash burn seems to be a get rich or die trying approach.
Lots of cash spent in an attempt to get the company up for long term significant growth domestically, in China and more recently in USA.
I note in the presentation released 28/02/2023, the company states BUB is now entering a new stage of “growth runaway and maturity as a global infant nutrition specialist and has sufficient capital to realise its growth ambitions”.
As a holder of a small parcel of shares I’m going to hold on for the ride and chance of getting ‘rich’. No harm in ‘dying trying’ if you invest at a suitable quantity. No one or company has ever made it big without taking a risk.
The cash burn seems to be a get rich or die trying approach.Lots...
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $142.9M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $145.4K | 921.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 954274 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1285294 | 25 |
View Market Depth
| Last trade - 16.11pm 24/06/2025 (20 minute delay) ? |
| BUB (ASX) Chart |