Cash burn is why the share price has been going sideways, not up, even though there has been a steady stream of positive announcements.
I’m expecting a raise before the end of 2023. They won’t let it run down too far and they have a lot of expenses to run a ph3 coming up.
I doubt they’ll do a partnership at this point unless the offer is amazing. Given results and potential they shouldn’t have trouble getting funds to take this deeper. Looks like a winner to me.
Cash burn is why the share price has been going sideways, not...
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Last
$8.30 |
Change
-0.430(4.93%) |
Mkt cap ! $2.659B | |||
| Open | High | Low | Value | Volume |
| $8.62 | $8.68 | $8.30 | $4.808M | 568.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 27520 | $8.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.31 | 592 | 4 |
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| Last trade - 13.48pm 04/10/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |