This one is going on my watchlist as of todays announcement. the Board seem committed to delivering value and not taking a cheap offer. The chart doesn't show much action at all but will be an interesting one to watch once a breakout occurs. The risk/reward at these levels is attractive once we see some volume.
Based on current cash on hand of approx $16m and a burn of $2m / quarter less the capital return of 2c per share (217.75m shares on issue @ 2c) = $4.355m - they have about 6 qtrs of cash on hand.
So lets say they have enough cash on hand for activities until perhaps the end of next year.
Are there any big expenditures im missing?
This one is going on my watchlist as of todays announcement. the...
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.211M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| YOW (ASX) Chart |
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