Where are you getting 30m cash at bank from? Last quarterly was 23 million .
This company has been a complete cash grab from previous management, and not sure about new one, but they are spending 5.8 million a quarter on staff and admin. Revenue has dropped every quarter for the past 2 years bar 2 quarters.
Seems pretty incapable of turning around the trajectory unless there is a drastic change in the business model. Also still have old directors with millions of shares to offload. Cap raise probably coming soonish as cash left isnt enough to cover a year of staff and admin costs.
Where are you getting 30m cash at bank from? Last quarterly was...
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Mkt cap ! $6.505M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $7.633K | 1.627M |
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| No. | Vol. | Price($) |
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| 43 | 19325201 | 0.4¢ |
Sellers (Offers)
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| 0.5¢ | 10819492 | 18 |
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| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.4¢ | 191285 | ||
| Last updated 13.52pm 29/05/2024 ? | |||||
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