Hi Joe,
a quick look at the cashflow report from the Q, shows me that if they don't get quick access to the extra $6m in May, they will literally run out of money.
$4.5m burn this quarter, from $8m, leaves $3.5 for the June Q.
Approx $1.5m per month, so.... after May they will be on fumes.
Sure, the funding once secured should see BC8 funded, but, seems very precarious to me (though if I am being fair, they are trying to deal with the FIB).
Once BC8 is fully funded and diluted, at $0.22, the market cap will sit around $110m. With $15m in debt and... hard to tell how much cash before they actually turn the plant on. Seems about right considering the risks still to be faced with pre-production, ramp-up/commissioning, which lets be honest, has been far from smooth for most developers.
Good luck to all patient holders.
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Hi Joe,a quick look at the cashflow report from the Q, shows me...
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31.5¢ |
Change
0.025(8.62%) |
Mkt cap ! $139.4M |
Open | High | Low | Value | Volume |
30.0¢ | 32.5¢ | 30.0¢ | $419.6K | 1.333M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 58839 | 31.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 49997 | 0.315 |
1 | 100000 | 0.310 |
1 | 3281 | 0.305 |
5 | 139336 | 0.300 |
3 | 151700 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 50000 | 1 |
0.360 | 1442 | 1 |
0.370 | 11550 | 2 |
0.375 | 3000 | 1 |
0.385 | 15000 | 1 |
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