Hi Hardcash
I think you may have been mislead by the wording of today's presentation about cash. Strike said they had "$114M of cash and undrawn debt" at 31 Dec 2023.
IMHO, it would have been better if they had shown the actual numbers from their Dec quarterly which clearly show they had cash of $66M and undrawn facilities of $47M.
And of course they had already drawn down $25M. So the net cash position at the end of Dec was only $41M.
And that's the key item that is alarming for potential investors who may have quickly looked at today's presentation: There's a big difference between $114M and $41M.
Cheers
ft
Hi HardcashI think you may have been mislead by the wording of...
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