"As of 30 June 2024, the Company had available funds of $12.8 million. During the Quarter, Hazer had net operating cash outflows of $5.1 million. Cash outflows in this Quarter reflect costs associated with operating the CDP, routine staff and corporate expenditure (of which $1.2 million was non-recurring). Expenditure is expected to be substantially lower in upcoming quarters as a result of lower staff costs, a focussed R&D program and the completion of the next generation reactor.
Cash used for investing activities for the Quarter of $1.0 million due to the final fabrication of Hazer’s next generation reactor to support the future commercial scale-up program. These costs are non-recurring and expected to be eligible for R&D tax incentive rebates."
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HZR Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
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