RHY

0.00%

4.7¢ rhythm biosciences limited

"and general running costs through to the end of 2024...

First 44 Last

Share
Profile

Follow
smellyfingers

23 Posts.

1

25/03/24

19:11

Post #: 73050354
Share

Originally posted by josiejow37: ↑

The company spent $302,000 during the quarter ending Dec 2023. I can't see this varying a great deal for the quarter ending March 2024.

At the end of Dec, Current Assets were $1,389,056, and Current Liabilities were $679,364 which includes general obligations such as rent.

We don't know what the 'trades' liability is, but it could well be for the new US CMO who were engaged (signed) late last year, in which case it's already been factored into the proposed use of funds shown in the capital raise Prospectus under Product Development US $1,500,000.

With the above various assumptions, they currently have $3,210,000.
$1,000,000 to be spent completing product development,
$2,210,000 remains.
This is to be used for IVDR/TGA applications ($1,000,000) and general running costs through to the end of 2024 ($1,200,000) as stated on page 4 of the Dec Quarterly).

(This doesn't include their upcoming R&D tax grant (approx $1,000,000) or any further shares sold in the capital raise over the next 3 months)

Highly unlikely they have an outstanding debt with Biotem. The French company would not have completed the work back in 2021/22, as they did, had their account not been paid in full.

Expand

"and general running costs through to the end of 2024 ($1,200,000) as stated on page 4 of the Dec Quarterly)."

mmm where on page 4 of the DEC quarterly does it say this ? You must be reading the special josie version :] LOL

RHY Price at posting: 9.3¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

GRX

GreenX picks up prospective copper project in Germany

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

There are more pages in this discussion • 6 more messages in this thread...

First 44 Last

Add RHY (ASX) to my watchlist

(20min delay)
Last 4.7¢		Change 0.000(0.00%)		Mkt cap ! $11.68M

Open	High	Low	Value	Volume
4.7¢	4.8¢	4.2¢	$9.183K	197.4K

Buyers (Bids)

No.	Vol.	Price($)
1	51425	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	68500	1

View Market Depth

No.	Vol.	Price($)
1	51425	0.047
2	52542	0.043
1	47470	0.042
2	140586	0.041
2	524995	0.040

Price($)	Vol.	No.
0.054	68500	1
0.056	20000	1
0.065	19644	2
0.066	79998	1
0.070	340394	2

Last trade - 14.17pm 02/08/2024 (20 minute delay)

RHY (ASX) Chart

"and general running costs through to the end of 2024...

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

"and general running costs through to the end of 2024...

Top Stories

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Is oil undervalued?

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News