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.
Ann: Funding Progress, page-24
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BC8 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
33.5¢ |
Change
-0.010(2.90%) |
Mkt cap ! $103.3M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.5¢ | $245.8K | 737.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 101087 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
|
|||||
|
Last
33.5¢ |
Change
-0.010 ( 1.52 %) |
||||
| Open | High | Low | Volume | ||
| 33.0¢ | 34.0¢ | 33.0¢ | 156187 | ||
| Last updated 15.23pm 17/05/2024 ? | |||||
| BC8 (ASX) Chart |