Not meaning to be combative but they made $20M and spent $21M. That's cutting a little close with $5M in the bank. They would be out in 5 quarters if you extrapolate the past to the future. A bigger buffer would make investors sleep better.
If you look at last quarter, the manufacturing and operational cost was $20.36M and the sales was $20.59M. The sales just cover the cost of production and could not pay for all the salaries. That's worrying.
Ann: Ceasing to be a substantial holder, page-9
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Last
67.0¢ |
Change
0.048(7.63%) |
Mkt cap ! $55.78M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 67.0¢ | 62.0¢ | $68.12K | 103.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3591 | 66.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.0¢ | 43507 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| JAT (ASX) Chart |